Food & Beverages

Market Focus: Trends and Developments in the Dairy Food Sector in South Africa

  • CAN94305
  • 45 Pages
  • April 2014
  • Food & Beverages

Synopsis
This report brings together consumer insight and market data to provide a comprehensive brief of the South African Dairy Food sector. This allows for the rapid identification of key growth opportunities across major Dairy Food categories and their packaging.
Scope
The Dairy Food market in South Africa is a well-organized high volume market. Milk was the largest category in terms of volume and value, while Cheese is forecast to be the fastest-growing category driven by increased demand for Processed Cheese and Natural Cheese. Demand for Dairy products with long shelf lives is forecast to increase further.
Summary
A slowdown in economic growth, high inflation rates and falling commodity prices are impacting demand for packaged goods in South Africa
The Dairy Food market in South Africa is forecast to grow higher than the African region
Growing consumer health awareness will influence sales of liquid Milk
The introduction of new product varieties of Butter & Spreadable Fats is increasing category sales
Consumers growing interest in pre-packaged Cheese will influence consumption during the forecast period
High growth categories, Cheese and Milk, will see an increase in market share.
ReasonsToBuy
This overview of the consumer and market dynamics of the South African Dairy sector allows new entrants and established companies to gain rapid and comprehensive insight into the current state of the market and identify the key trends that will drive growth in the coming years.
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