Blueweave
South Africa Canned Food Market

South Africa Canned Food Market

South Africa Canned Food Market, By Type (Canned Fish/Seafood, Canned Meat Products, Canned Fruits, Canned Vegetables); By Distribution Channel (Online, Supermarket/Hypermarket, Convenience Stores), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: January 2024
  • Report ID: BWC24082
  • Available Format: PDF
  • Page: 200

Report Overview

Convenience, longer shelf life, changing consumer lifestyles, urbanization, and a growing demand for ready-to-eat and preserved food products are key driving factors for the South Africa Canned Food Market during the forecast period between 2024 and 2030.

South Africa Canned Food Market – Industry Trends & Forecast Report, 2030

South Africa Canned Food Market size was estimated at USD 131.84 million in 2023. During the forecast period between 2024 and 2029, the size of South Africa Canned Food Market is projected to grow at a CAGR of 6.03% reaching a value of USD 187.36 million by 2030. South Africa Canned Food Market is driven by increasing urbanization, changing consumer lifestyles, and a growing demand for convenient and long shelf-life products. Economic factors, such as rising disposable incomes and a burgeoning middle class, contribute to the market's expansion. Additionally, the awareness of nutritional benefits, coupled with a surge in online retail platforms, enhances product accessibility. The market is also influenced by a shift toward healthier and sustainable food choices, prompting manufacturers to introduce innovative, preservative-free options.

South Africa Canned Food Market

Canned Food – Overview

Canned food is a method of preserving and packaging food in airtight containers, typically metal cans, to extend its shelf life. The process involves sealing food in a container and heating it to destroy bacteria, yeast, and molds, preventing spoilage. Canned food products offer convenience, long shelf life, and retention of nutritional value. They encompass a wide range of products, including fruits, vegetables, meats, and ready-to-eat meals. The canning industry has evolved over centuries, becoming a vital component of the global food supply chain, ensuring access to nourishing and easily storable provisions for consumers worldwide.

South Africa Canned Food Market

Growth Drivers

Upward Trajectory of Disposable Incomes

South Africa Canned Food Market experiences robust growth, fueled by the upward trajectory of disposable incomes. As consumers enjoy increased financial stability, their purchasing power expands, driving a surge in demand for convenient and shelf-stable food options. Economic empowerment propels the canned food industry, as consumers seek time-efficient and convenient meal solutions. The rising disposable income trend become a key growth driver, shaping a flourishing market for canned goods in South Africa.

Challenges

Perceived Health Concerns

Amidst the growth of the South Africa Canned Food Market, the emergence of perceived health concerns poses a significant restraint. Consumers are becoming increasingly conscious of nutritional choices, leading to skepticism regarding the long-term health implications of canned products. The apprehension may hinder market expansion as consumers seek healthier alternatives. Navigating and addressing these concerns becomes imperative for industry players to sustain growth in an environment where health-conscious choices are gaining precedence.

Impact of Escalating Geopolitical Tensions on South Africa Canned Food Market

Escalating geopolitical tensions in South Africa significantly impacted the Canned Food Market. Political instability and civil unrest across the regions have disrupted supply chains, leading to increased production costs and logistical challenges. The depreciation of the South African Rand has further inflated import costs for canned goods, affecting overall market pricing. Instances of port closures and trade disruptions have hindered both exports and imports, causing a shortage of certain canned food products. Additionally, investor confidence has waned, impacting foreign direct investment in the industry. The geopolitical uncertainties created an atmosphere of unpredictability, discouraging long-term business planning and contributing to a volatile South African Canned Food Market.

South Africa Canned Food Market

Segmental Coverage

South Africa Canned Food Market – By Type

Based on type, South Africa Canned Food Market is divided into Canned Fish/Seafood, Canned Meat Products, Canned Fruits, and Canned Vegetables segments. The canned meat products segment is the largest contributor to the growth of South Africa Canned Food Market by type. The segment encompasses a diverse range of preserved meat options, catering to varied consumer preferences. Canned fish/seafood, canned fruits, and canned vegetables also contribute significantly to the market, offering consumers convenient and long-lasting options. The popularity of canned meat products can be attributed to factors such as ease of preparation, extended shelf life, and the versatility of meat-based dishes. The segment's dominance highlights the nation's appetite for convenient and sustainable protein sources within the canned food industry.

South Africa Canned Food Market Share

South Africa Canned Food Market – By Distribution Channel

By distribution channel, South Africa Canned Food Market is divided into Online, Supermarket/Hypermarket, and Convenience Stores segments. The supermarket/hypermarket segment stands out as the largest distribution channel, reflecting the preferences and buying patterns of consumers. The accessibility and diverse product offerings in the retail giants contribute significantly to their prominence in the canned food market. Concurrently, the online segment showcases a growing trend, leveraging e-commerce platforms for convenient purchases, while convenience stores maintain a steady presence in catering to the immediate needs of consumers. The multifaceted segmentation underscores the evolving landscape of South Africa's canned food retail sector.

Competitive Landscape

Major players in the South Africa Canned Food Market include Dursots, RFG Foods, Miami Canners, Tiger Brands, Tristar Foods, and BM Food Manufacturers (Pty) Ltd. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the South Africa Canned Food Market.

Recent Developments

  • In December 2021 - Tyson Foods Inc. announced its plans to spend more than USD 1.3 billion to increase automation in meat plants over the next three years to increase its production capacity.

Scope of Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million

Market Coverage

South Africa

Product/Service Segmentation

Type, Distribution Channel

Key Players

Dursots, RFG Foods, Miami Canners, Tiger Brands, Tristar Foods, BM Food Manufacturers (Pty) Ltd

 

By Type

  • Canned Fish/Seafood

  • Canned Meat Products

  • Canned Fruits

  • Canned Vegetables

By Distribution Channel

  • Online

  • Supermarket/Hypermarket

  • Convenience Stores

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3.  South Africa Canned Food Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rising disposable income
        2. Convenience and long shelf life
      2. Restraints
        1. Perceived health concerns
        2. Environmental impact
      3. Opportunities
        1. Product innovation
        2. E-commerce growth
      4. Challenges
        1. Competition from fresh foods
        2. Supply chain disruptions
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  South Africa Canned Food Market Overview
    1. Market Type & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Type
        1. Canned Fish/Seafood
        2. Canned Meat Products
        3. Canned Fruits
        4. Canned Vegetables
        5. Others
      2. By Distribution Channel
        1. Online
        2. Supermarket/Hypermarket
        3. Convenience Stores
        4. Others
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. South Africa Canned Food Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Escalating Geopolitical Tensions on South Africa Canned Food Market
  7. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Dursots
    2. RFG Foods
    3. Miami Canners
    4. Tiger Brands
    5. Tristar Foods
    6. BM Food Manufacturers (Pty) Ltd
    7. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1.    Qualitative Research
      1.  Primary & Secondary Research
    2.    Quantitative Research
    3.    Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.    Breakdown of Primary Research Respondents, By Distribution Channel
    5.    Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       South Africa Canned Food Segmentation

Figure 2       South Africa Canned Food Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       South Africa Canned Food Market Type, By Value (USD Million), 2019–2030

Figure 5       South Africa Canned Food Market Share, By Type, By Value, 2019–2030

Figure 6       South Africa Canned Food Market Share, By Distribution Channel, By Value, 2019–2030

 

List of Tables

 

Table 1        South Africa Canned Food Market Type, By Value (USD Million), 2019–2030

Table 2        South Africa Canned Food Market Share, By Type, By Value, 2019–2030

Table 3        South Africa Canned Food Market Share, By Distribution Channel, By Value, 2019–2030

Table 4        Dursots  Company Overview

Table 5        Dursots  Financial Overview

Table 6        RFG Foods  Company Overview

Table 7        RFG Foods  Financial Overview

Table 8        Miami Canners  Company Overview

Table 9        Miami Canners  Financial Overview

Table 10      Tiger Brands  Company Overview

Table 11      Tiger Brands  Financial Overview

Table 12      Tristar Foods Company Overview

Table 13      Tristar Foods Financial Overview

Table 14      BM Food Manufacturers (Pty) Ltd Company Overview

Table 15      BM Food Manufacturers (Pty) Ltd Financial Overview

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Note: Please share the corporate email address for faster response

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: South Africa Canned Food Market size was estimated at USD 131.84 million in 2023.
Ans: South Africa Canned Food Market size is expected to grow at a CAGR of 6.03% during the forecast period between 2024 and 2030.
Ans: South Africa Canned Food Market size is expected to reach a market value of USD 187.36 million by 2030.
Ans: Major factors driving the growth of the South Africa Canned Food Market include changing consumer lifestyles, increased demand for convenience, innovative product offerings, and a growing preference for on-the-go beverages.
Ans: Key players in the South Africa Canned Food Market include Dursots, RFG Foods, Miami Canners, Tiger Brands, Tristar Foods, and BM Food Manufacturers (Pty) Ltd.
Ans: The canned meat products segment accounts for the highest market share in the South Africa Canned Food Market by type.
Ans: The supermarket/hypermarket segment holds the highest market share in the South Africa Canned Food Market by distribution channel.
array(1) {
  ["__ci_last_regenerate"]=>
  int(1734208130)
}