South Africa - The Future of Foodservice to 2027

South Africa - The Future of Foodservice to 2027

Summary

“South Africa Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2027” published by GlobalData provides extensive insight and analysis of the South Africa Foodservice market over the next five years (2022–27) and acts as a vital point of reference for operators or suppliers.

The overall value of South Africa’s foodservice profit sector grew at a CAGR of 1.9% during 2017–22, reaching ZAR532.5 billion ($32.5 billion) in 2022. This growth was due to an increase in the number of transactions in the overall profit sector outlets in 2022. The increase in consumer demand for restaurant dining significanlty supported growth. Delivery services and takeouts recorded healthy growth during 2017–22 due to the pandemic-induced restrictions on outdoor socializing. In 2022, QSR was the largest channel in the foodservice profit sector, with a 61.2% share of total sales. Pub, club, & bar was the second largest channel, accounting for 25.5% of the sector’s sales.

The report includes -

• Overview of South Africa's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the South Africa 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 the South Africa 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.

Scope

• The South African profit foodservice sector recorded a modest growth of 1.9% during 2017–22. Its total revenue increased from ZAR485.2 billion ($36.4 billion) in 2017 to ZAR532.5 billion ($32.5 billion) in 2022. In 2022, QSR was the largest channel in the foodservice profit sector, with a 61.2% share of total sales. Pub, club, & bar was the second largest channel, accounting for 25.5% of the sector’s sales. In 2022, the QSR channel led the profit sector in terms of the number of outlets, with 78,101 in total. It was followed by the pub, club & bar and mobile operator channels. Moreover, the QSR channel led the profit sector in terms of the number of transactions, as preference for cheap fast food by South African consumers amid the inflation was the main factor behind the channel’s large transaction count. The profit sector is expected to revive and register a value CAGR of 7.9% during 2022–27. The number of transactions will register a CAGR of 2.1%, while the number of outlets will rise at a CAGR of 0.8%.

Reasons to Buy

• Specific forecasts of the foodservice market over the next five years (2022–27) 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.