South africa bakery products market report 2023: growing demand for affordable and ready-to-eat products boosts sector - researchandmarkets.com
Dublin--(business wire)--the "south africa bakery products market | trends, value, revenue, outlook, forecast, size, analysis, growth, industry, share, segmentation & covid-19 impact: market forecast by product types, by distribution channels and competitive landscape" report has been added to researchandmarkets.com's offering. the south africa bakery products market grew moderately in 2018 and 2019, owing to a increase in consumption by the growing population. furthermore, government's initiative 'south africa's township and rural entrepreneurship programme (trep),' in which the government gave $1 million to 1,400 owner-managed micro, home-based, co-operative bakeries and confectioneries, is accelerating the country's bakery product growth. according to the publisher, the south africa bakery products market revenue size is projected to grow at a cagr of 2.7% from 2022-to 2028. the bakery products market in south africa will obtain growth over the forecast period since the demand for these products is growing in the country. south africa bakery products industry is an essential part of the africa bakery products market. over the past few years, bakery products market in south africa grew steadily on account of growing demand for affordable and ready-to-eat products among consumers due to fast-paced lifestyle and constrained spending among majority class of the country. development of the retail sector, with expansion of supermarket/ hyper market networks across key cities along with development of retail store chains would continue to support growth of the domestic bakery industry. there are a number of key companies operating in this sector and with their hard work and efforts they have been adding value to the south africa bakery products market growth. market by product types bread, traditionally being a key ingredient of the staple diet in the country accounts for a major chunk of the south africa bakery products market revenues. however, several factors such as prevalence of home baking, consumer preference for lower value product and increasing wheat prices are impeding growth of the market. bread will remain the highest growing product type segment in the market. market by distribution channels convenience store held significant revenues in south africa bakery product market on account of wide presence and proximity across diverse residential developments. this segment will grow more in the years to come. key highlights of the report south africa bakery products market overview south africa bakery products market outlook south africa bakery products market forecast south africa bakery products market size historical data of south africa bakery products market revenues, for the period 2018-2021 south africa bakery products market forecast of revenues, until 2028 historical data of south africa bakery products market revenues, by product types, for the period 2018-2021 market size & forecast of south africa bakery products market revenues, by product types, until 2028 historical data of south africa bakery products market revenues, by distribution channels, for the period 2018-2021 market size & forecast of south africa bakery products market revenues, by distribution channels, until 2028 market drivers and restraints south africa bakery products market trends market opportunity assessment south africa bakery products market share, by players south africa bakery products market share, by regions south africa bakery products market overview on competitive benchmarking company profiles key strategic recommendations market scope and segmentation the report provides a detailed analysis of the following market segments: by product types cakes and pastries biscuits bread sandwiches & wraps others by distribution channels hypermarkets/supermarkets convenience stores specialty stores online retailing others key topics covered: 1. executive summary 2. introduction 3. south africa bakery products market overview 4. south africa bakery products market covid-19 impact analysis 5. south africa bakery products market dynamics 6. south africa bakery products market trends 7. south africa bakery products market overview, by product types 8. south africa bakery products market overview, by distribution channels 9. south africa bakery products market - key performance indicators 10. south africa bakery products market - opportunity assessment 11. south africa bakery products market competitive landscape 12. company profiles 13. key recommendations 14. disclaimer companies mentioned pioneer food group tiger brands premier foods group rcl foods avi limited libstar operations (pty) ltd bimbo qsr blue shirt bakery rhodes foods pty ltd baketech (pty) ltd for more information about this report visit https://www.researchandmarkets.com/r/xc8ntw about researchandmarkets.com researchandmarkets.com is the world's leading source for international market research reports and market data. we provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
