Soups in South Africa
Summary
Soups in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The soups market consists of the retail sale of ambient soup, dried soup (mixes), chilled soup, UHT soup and frozen soup products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2023 exchange rates.
- The South African Soups market had total revenues of $96.8 million in 2023, representing a compound annual growth rate (CAGR) of 4.6% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 2.3% between 2018 and 2023, to reach a total of 17.1 million kilograms in 2023.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 1.6% for the five-year period 2023-28, which is expected to drive the market to a value of $104.7 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the soups market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the soups market in South Africa
- Leading company profiles reveal details of key soups market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa soups market with five year forecasts
- What was the size of the South Africa soups market by value in 2023?
- What will be the size of the South Africa soups market in 2028?
- What factors are affecting the strength of competition in the South Africa soups market?
- How has the market performed over the last five years?
- What are the main segments that make up South Africa's soups market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the South African soups market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-2023)?
- 7.4. Which companies market shares have suffered in the last 5 years (2018-2023)?
- 7.5. What are the most popular brands in the South African soups market?
- 8 Company Profiles
- 8.1. Imana Foods SA (Pty) Ltd
- 8.2. Mars, Incorporated
- 8.3. Unilever Plc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Africa soups market value: $ million, 2018-23
- Table 2: South Africa soups market volume: million kilograms, 2018-23
- Table 3: South Africa soups market category segmentation: % share, by value, 2018-2023
- Table 4: South Africa soups market category segmentation: $ million, 2018-2023
- Table 5: South Africa soups market geography segmentation: $ million, 2023
- Table 6: South Africa soups market distribution: % share, by value, 2023
- Table 7: South Africa soups market value forecast: $ million, 2023-28
- Table 8: South Africa soups market volume forecast: million kilograms, 2023-28
- Table 9: South Africa soups market share: % share, by value, 2023
- Table 10: Imana Foods SA (Pty) Ltd: key facts
- Table 11: Imana Foods SA (Pty) Ltd: Key Employees
- Table 12: Mars, Incorporated: key facts
- Table 13: Mars, Incorporated: Key Employees
- Table 14: Unilever Plc.: key facts
- Table 15: Unilever Plc.: Annual Financial Ratios
- Table 16: Unilever Plc.: Key Employees
- Table 17: South Africa size of population (million), 2019-23
- Table 18: South Africa real gdp (constant 2010 prices, $ billion), 2019-23
- Table 19: South Africa gdp (current prices, $ billion), 2019-23
- Table 20: South Africa inflation, 2019-23
- Table 21: South Africa consumer price index (absolute), 2019-23
- Table 22: South Africa exchange rate, 2018-23
- List of Figures
- Figure 1: South Africa soups market value: $ million, 2018-23
- Figure 2: South Africa soups market volume: million kilograms, 2018-23
- Figure 3: South Africa soups market category segmentation: $ million, 2018-2023
- Figure 4: South Africa soups market geography segmentation: % share, by value, 2023
- Figure 5: South Africa soups market distribution: % share, by value, 2023
- Figure 6: South Africa soups market value forecast: $ million, 2023-28
- Figure 7: South Africa soups market volume forecast: million kilograms, 2023-28
- Figure 8: Forces driving competition in the soups market in South Africa, 2023
- Figure 9: Drivers of buyer power in the soups market in South Africa, 2023
- Figure 10: Drivers of supplier power in the soups market in South Africa, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the soups market in South Africa, 2023
- Figure 12: Factors influencing the threat of substitutes in the soups market in South Africa, 2023
- Figure 13: Drivers of degree of rivalry in the soups market in South Africa, 2023
- Figure 14: South Africa soups market share: % share, by value, 2023
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