Increased consumption of the South African snack industry

Image from TNA Twitter

According to global data, the South African savory snacks sector  is expected to grow from $1.13 billion in 2017 to $1.35 billion in 2022, with an annual growth rate of 7.1%.

In volume terms, the sector is expected to grow from 157.8m kg in 2017 to 184.9m kg by 2022, registering a CAGR of 3.2% with the potato chips category forecast to grow from 38.1% in 2017 to 40.1% in 2022.  

The sugar confectionery category is expected to reach $642.5m by 2023, growing at a CAGR of 7.4% during 2018–2023.
 
With a value of $157m in 2018, gums and jellies is the largest segment in the South African sugar confectionery category.

The South African population is expected to grow from 57.7 million in 2018 to 62.3 million by 2023.

The middle class is expected to increase its share over the next few years, which will naturally lead to an increase in the consumption of snacks, confectionery and French fries. 

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03