South Africa Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

South Africa Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“South Africa Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the South African Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The overall value of South Africa’s foodservice profit sector declined at a negative CAGR of 1.8% during 2016-21, reaching ZAR433 billion ($29.3 billion) in 2021. This decline was due to a substantial fall in the number of transactions in most of the profit sector outlets in 2021.

Take-aways and deliveries played a crucial role in the foodservice sector due to convenience, and digital and technological advancements.

Independent operators dominate the profit sector. However, chain operators fared better than independent operators during the pandemic owing to quick adaptation to changing consumer demands.

South Africa’s profit sector is forecast to record growth at a CAGR of 11.5% during 2021-26.

The report includes -

• Overview of South Africa’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on South Africa's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within South Africa’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the South African population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

• QSR was the largest channel in the South African foodservice profit sector in 2021 accounting for a share of 67% of the sector’s value. The channel generated value sales of ZAR290.2 billion ($19.6 billion) in 2021, increasing from ZAR248.1 billion ($16.9 billion) in 2016, registering a CAGR of 3.2%. FSR was the third-largest channel in South Africa’s foodservice profit sector in 2021, generating sales of ZAR25.9 billion ($1.7 billion). FSR recorded a negative CAGR of 1.9% during 2016-21. In 2021, the market was dominated by chain operators which generated 65.3% of the channel’s value sales. The coffee & tea shop channel accounted for 0.6% of the profit sector’s sales in 2021.
• The channel was valued at ZAR2.7 billion ($0.2 billion) in 2021 and registered a negative CAGR of 4.2% during 2016-21. The channel is projected to grow at a CAGR of 15.1% during 2021-26, primarily led by rising transaction count and average transaction value. Pub, club & bar was the second-largest channel in the South African foodservice profit sector in 2021, accounting for 19.9% of the profit sector’s sales in 2021. The channel’s value reached ZAR86.2 billion ($5.8 billion) in 2021, after having registered a negative CAGR of 11.0% during 2016-21.

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.