South Africa-The Future Of Foodservice To 2021- Ken Research South Africa-The Future of Foodservice to 2021, published by GlobalData provides extensive insight and analysis of South Africa's Foodservice market over the next five years (2016-2021) and acts as a vital point of reference for operators or suppliers. The South African Foodservice market is expected to grow at a CAGR of 2.6% from between 2016 and 2021.
Local and large international players compete for the market, with the biggest players in both FSR and QSR being local. This is reflective of the continuing difficulty and peculiarities of the market. Deep social and economic divides between demographics continue to dictate the vast majority of consumer trends. While the middle and upper classes drive growth in coffee and tea shops and the large number of casual dining outlets across the country, the lower classes demand greater value. High inflation is also having a significant impact, pushing up food prices, increasing an already difficult supply chain. This is helping to push a return to local flavors and township food in channels such as QSR, especially among the lower classes. Understanding these trends are crucial to best capturing these visits. The report includes:Overview of South Africa's macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the South African 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 Shops, Pubs, Clubs and Bars) within the South African 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.