Growth in South Africa's food and drink industry will be tepid due to a weaker economic outlook and lower consumer spending. Cash-strapped consumers will restrict growth for premium products in the industry, while rising health consciousness and the proposal of a tax on sugary drinks will suppress growth in the fast food and soft drinks industry. The MGR sector will be boosted by the underdeveloped non-urban areas offering strong growth opportunities.
Key Views & Developments
Rising food prices will impact negatively on consumer spending, as our Country Risk team forecast private consumption and household spending to fall to 1.0% and 4.0% respectively in 2016.
Soft drink sales will be volatile to new industry risks presented by the ongoing economic headwinds as well as the proposal of a tax on sugary drinks in April 2017.
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Retailers looking to expand in the local market will primarily focus on targeting the lower-income consumer through convenience store formats located in non-urban areas.
The South Africa Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI'sSouth Africa Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in South Africa.
Key Benefits
Benchmark BMI's independent food and drink industry forecasts for South Africa to test other views - a key input for successful budgeting and strategic business planning in the South African food and drink market.
Target business opportunities and risks in South Africa through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.
Industry SWOT Analysis
Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.
BMI’s Food and Drink Risk Reward Index
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"South Africa Food & Drink Report Q2 2016" is now available at Fast Market Research
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001