The automotive industry is one of South Africaâs most important sectors, with many of the major multinationals using South Africa to source components and assemble vehicles for both the local and international markets. Last year, the fast food sector made up 13.3% of South Africaâs GDP, a big increased from the 9.7% in 2014. House price rises peaked in October 2004 with 35.7% annual growth (32.5% in real terms), according to ABSA. The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. AnalytixBI - Proudly South African Market Research and Consumer Intelligence Company that conducts market research and analysis to ensure smarter, more-profitable decisions are made â imperative when economic conditions are challenging. Food truck are considered as the mobile version of the restaurant business. WELCOME TO OUR PRESENTATION f& Global Fast-Food Industry Case Analysis Presented For: Hare Krisna Kundo Course Teacher, Strategic Management f Presenter Presenters Sl. Welcome to. Southern Africa Food Lab Final Logos 2. Biggest fast food chains in South Africa. In the United States revenue was a whopping $200 billion in 2015 - quite a lot of growth since the 1970 revenue of $6 billion. Chapter 4 Review of Private Sector involvement in Agro-Food industry in Africa 19 introduction 19 Role of Agro-Dealers in the Agro-Food Industry 20 The Role of Producers 21 Role of Agro-Food Processing Companies 22 Role of Supermarkets in the Agro-Food industry 24 Role of Women in the Agro-Food industry ⦠Help is available for small-scale farmers with financing issues. The global Fast Food market was valued at approximately US$847 billion in 2019, as illustrated in the adjacent graph. According to a new report published by Allied Market Research titled, "South Africa Fast Food Market by Product Type, Age Group and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019-2026," the South Africa fast food market size was valued at $2.7 billion in 2018, and is projected to reach $4.9 billion by 2026, growing at a CAGR of 7.9% from 2019 to 2026. The study provides an overview of the extent to which the agro-processing industry can add more value, with the aim of limiting imports. South Africa Opportunities: Develop new industries, expand on current industries, and open tourist attractions. Combination of KFC â Pizza Hut and KFC â Taco Bell. Portland,OR, April 09, 2020 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the South Africa fast food market registered $2.7 billion in ⦠South Africaâs agriculture sector created 65 000 new jobs between 2009 and 2013, reversing a trend of farming job losses in the country that stretched back to the 1970s, Economic Development Minister Ebrahim Patel said. Second best global brand in fast food industry in terms of value ($ 6 billion) Original 11 herbs and spices recipe. RASA is a body that was formed in 2004 to act in the interests of the South African restaurateur as a voice and lobbying body to speak on the behalf of restauranteurs. Now that weâve gone through the industry segments, itâs time for our analysis to begin in earnest. The global South Africa Fast Food market was valued at $2.7 billion in 2018 and is projected to reach $4.9 billion by 2026, growing at a CAGR of 7.9% from 2019 to 2026. Only a handful of large chains hold over 70% of the national market share. South Africa - The Future of Foodservice to 2023 $ 4995 May 2019. 40% of the milk goes into cheese products, with hard cheeses the primary product produced. If you're in the Fast Food industry in South Africa, our research will save you time and money while empowering you to make informed, profitable decisions. Even South Africaâs biggest fast food franchise, KFC, managed to grow, with the group now crossing over 900 locations in the country. AnalytixBI - Proudly South African Market Research and Consumer Intelligence Company that conducts market research and analysis to ensure smarter, more-profitable decisions are made â imperative when economic conditions are challenging. However, it was higher in 2019. South Africaâs concentrated formal supermarket industry poses a challenge on this front. Despite the plaudits, Ramaphosa remains vulnerable to challenge at home, notably around his failure to stimulate South Africaâs moribund economy. Steers has known product differentiation with their slogan. Roman's Pizza â from R2.4 million. This imbalance in exports versus imports means that South Africa has a trade deficit of $4.57 billion. RASA. The worldâs fast food industry revenue will reach $885.1 billion in 2021. Fast Food Restaurant - Salary - Get a free salary comparison based on job title, skills, experience and education. McDonald's â from R4 million. Market Research. ... shebeens and fast-food franchises. In recent years, the country has seen the arrival of several new big international brands. Expand the mining industry. -Nikita Kadam. There are over 1,700 subsistence farmers that supplement what the South African meat industry is able to provide each week. Strong parent company: It is the subsidiary of Yum! Itâs no secret that South Africans love their Fast Food. A food truck can move to any place were the customers are located. Introduction ⢠Developed country ⢠Upper-middle-Income Country ⢠25th Largest country in the world by land area with population close to 53 million people ⢠Afrikaan & English ⢠Economy â 2nd largest in Africa & 34th largest in the world. 3. REPORT OVERVIEW 5 The South African Fast Food/QSR Industry Landscape Report (142 pages) provides a dynamic synthesis of industry research, examining the local and global Fast Food Industry/QSR Industry from a uniquely holistic perspective, with detailed insights into the entire value chain âfrom manufacturing to retailing, market size trends, industry trends, industry drivers and ⦠Globally, fast food generates revenue of over $570 billion - that is bigger than the economic value of mostcountries. In 2014, there were 134 new takeaway stores. Global Presence: KFC is the worldâs 2 nd largest restaurant chain with more than 18,000 KFC outlets in 120 countries and territories around the world. While more than one-quarter of the worldâs arable land lies in this continent, it generates only 10 percent of global agricultural output. Insight Survey reported that the This shows the impact of global lockdown on the countryâs economy in 2020. The drivers for growth in Africa From our analysis of these megatrends, we have identified eight potential drivers of growth in the real estate industry in Africa. The evolving fast food market comprises South African franchises and multiânational franchise corporations coâexisting with modern supermarkets, contract food caterers, and informal traders. South Africaâs food service industry is in exceptionally good health as of the end of 2016. Insight Survey reported that the fast-food industry alone is worth R300 billion every year, while Statistics South Africa recorded income from the âtakeaway and fast-food outletâ sector as R170 billion in 2015. ... shebeens and fast-food franchises. Physical. The hydroponic cultivation of lettuce is rising in North America on account of its rising demand from households and fast-food chains across the region. The fast-food industry in South Africa earns over R300 billion annually (Mail & Guardian, 2016). Khairul Islam 1286 03 Md. Globally, fast food generates revenue of over $570 billion - that is bigger than the economic value of mostcountries. Our Food and Beverage reports include data on culinary trends in flavors, ingredients, sales, and new products. Includes comprehensive data and analysis, tables and charts, with five-year forecasts. 2. Based on these projections, South Africaâs is supposed to add approximately 0,7% of global demand in the next 10 years. The COVID-19 pandemic affects the global food industry as governments close down restaurants and bars to slow the spread of the virus. Weak demand due to the effects of the global financial crisis. The Fast Food in South Africa market research report includes: Analysis of key supply-side and demand trends ; Historic volumes and values, company and brand market shares Steers â from R1.7 million. This PESTLE analysis of the food industry is certainly an interesting one. The trend of eating fast food is not new and it started in the late 1950s. In 2017, the fast food industry turned over R587 billion. South Africa, officially the Republic of South Africa, is a country located at the southern tip of Africa, with over 1,739 miles of coastline that stretches along the South Atlantic and Indian oceans. The research also provides an in-depth analysis of product trends and new market segments, creating a comprehensive industry overview. The study was mainly quantitative. KFC SWOT analysis 2013. Introduction to the country 1.1 General introduction 1.2 Economical information South Africa is officially called the Republic of South Africa RSA The current head of the state is President Jacob Zuma. Accurate, reliable salary and compensation comparisons for South Africa As one of these economies, South Africa needs The Franchise Association of Southern Africa (FASA) is a trade association for franchisors, franchisees and the professional organizations that service the franchise industry. survey of South African retailers yielded over 6000 data points for analysis. The GDP stands at around 282 billion USD. Strengths. The retail market is one of South Africaâs biggest, most affluent and important sectors. A Euromonitor report predicts that fast-food in South Africa will witness an annual growth rate of 9% for the 2014 to 2019 period. Food and beverage sector growth. 7 min read. Debonairs â from R2 million. These farmers produce about 500 living chickens for sale every week at local markets in the country. Steers caters for the low-income market. Strengths. The Future of South Africaâs Food System: What is research telling us? South Africa is the largest foodservice market in the sub-Saharan Africa with a large and highly competitive hospitality industry. South Africa Fast Food Market Outlook-2026. Nazrul Islam 1292 04 Md. It provides foodservice sales, the number of outlets and the number of transactions by sector, allowing you to identify the foodservice sectors driving growth. By 2050, 60 percent of Africaâs population will be urbanized. South Africaâs food service industry is in exceptionally good health as of the end of 2016. Across Africa there will be continued urbanisation, an Retailer is the person who carries out the function of processing many small orders, rather than one big order like in wholesale, governments, and corporations. The frozen food market size was valued at $291.8 billion in 2019, and is estimated to reach $404.8 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. ⢠The value of potato production is in the vicinity of R3.5 billion per annum. The report provides a detailed analysis ⦠2 Mckinsey & Company, 2016, p.8. SWOT Analysis of Steers. KFC & Global Fast Food Industry - Case Analysis. The developing world will hold a large portion of that tally (GSMA predicts nearly 60%). Scope of South Africa â PESTLE Analysis and Macroeconomic Trends Report. 1 Africaâs young population will drive the demand for real estate and different types of real estate. When it comes to fast food, Kentucky Fried Chicken (KFC) is by some margin the most prolific brand in ⦠The transport and storage industry report for 2013 provides more in-depth information on the size, nature and structure of the transport and storage industry. Print Email. This is the in-depth analysis of Fast food which have been growing with fast pace however, it has been facing challenges due to some external factors as explained in this article. No. The average walking distance for a cow in South Africa to find the food they require is about 1.5 kilometers one way. Veg Burger (Rs)Nirulas 45 40Mc Donalds 49 20Wimpys 43 33The prices of its products are very much competitive with a rupee or two belowor above.Another interesting feature of these restaurants is the meal combos that theyserve. Biggest fast food chains in South Africa. âManufacturers that produce sugary beverages with a total annual sugar content in excess of 500 kg per year need to be licensed with SARS and pay the levy to SARS. In the largest African cities, consumption growth can rival even that of major cities in Brazil, Russia, India, or China: for example, between 2010 and 2020, incremental growth in food and beverage sales in Cairo will total approximately $3.9 billion, compared with $3.7 billion in ⦠However, things are changing. South African food retail sales reached US $44.9 billion in 2017. The franchising industry plays an important role in the South African economy and contributed over R302 billion revenue to the overall gross domestic product (GDP) in 2013 (Franchising Association South Africa [FASA] 2014:14â17). This periodic survey provides details on employment within the industry, trading income, expenditure, profit or loss, inventories, sales and services, and purchases.read more » Contactless Payments. 3. South African economy is projected to grow over the next decade at around 4%. Frozen food is defined as food products that are preserved under low temperature and used over a long period. Income of labor is disaggregated by type. Meal Kits (Prepared Meals) Market in Middle East & Africa - ⦠$ 2500 December 2018. Setting up shop in South Africa will give brands access to other emerging markets in the region. Naturally, weâll focus most of our attention on the home of fast food â America. 30 May 2019: Famous Brands latest results shows they have 2402 stores in SA. Established in 1954, now has around 30,000 outlets in more than 110 countries across the world. Full-Service, Fast-Food, Pizza Delivery, Coffee Shops and Other Eating Places Industry (U.S.): Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2027, NAIC 722500 May 26, 2021 | USD 1,995 The South African Food Retail Sector. Weaknesses. [PRESS OFFICE]* Fast food is big business in South Africa, in fact, itâs one of the fastest growing sectors and one of the largest contributors towards franchise turnovers and opportunities. Domestic market food retail sales in South Africa amounted to about 44.9 billion U.S. dollars in the previous year. South Africa Fast Food Market by Product Type, Age Group and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019-2026,â the South Africa fast food market size was valued at $2.7 billion in 2018, and is projected to reach $4.9 billion by 2026, growing at a CAGR of 7.9% from 2019 to 2026. Africaâs agro-ecological potential is massively larger than its current output, howeverâand so are its food requirements. South Africa PESTLE Analysis & Macroeconomic Trends Market Research Report. The hydroponic cultivation of lettuce is rising in North America on account of its rising demand from households and fast-food chains across the region. African Analysis forecasts that the IoT installed base in South Africa will reach 35 million by 2020. The South African Revenue Service (SARS) held a series of roadshows in five provinces last month to explain the new tax to importers, manufacturers and other industry stakeholders. KFC SWOT analysis 2013. When it comes to fast food, Kentucky Fried Chicken (KFC) is by some margin the most prolific brand in ⦠Today, the economy and workforce of this country rely on several sectors, including: agriculture and food processing, tourism, financial services, services industry, business process outsourcing, and industrial manufacturing and mining. Combination of KFC â Pizza Hut and KFC â Taco Bell. 98% of the milk that is produced by the South Africa dairy industry is sold to formal markets. Fast Food Industry Analysis 2021. Business Monitor International (BMI), a Fitch research company, published an investor note last year describing the South African fast-food industry as âpiping hotâ. This favourable outlook contrasts starkly with other African countries, where many international fast-food brands have limited or decreased their involvement. The spread of COVID-19 has provided substantial challenges for hot sauce raw material suppliers and processors. Fast Food Market Research Reports & Industry Analysis. PESTEL Analysis of South Africa Presented by -Grishma Rane. The sector now consists of 845 franchisors and more than 40 000 franchisees. One example is Nigeria, where the fast-food industry has maintained an annual growth rate of 40 percent, according to a report by the U.S. Commercial Service. More businesses can take advantage of the raw minerals South Africa offers. PESTLE analysis of the food industry: Final Thoughts. The SAM-multiplier model then solves for production by industries and all income flows: industry sales, value added (GDP and factor cost), and the distribution of income to households and government. That equates to roughly 20 Big Mac burgers from Mcdonalds in a year, or about 2.5 Big Mac's a month. The sector, which generated revenue of R42.94bn and provided around 200,000 jobs in 2013, has proved to be relatively resilient to recessionary pressures. 2. Statistics â¦show more content⦠Menus are also becoming more diverse as more outlets offer a range of foods including all meals and snacks in order to suit different budgets. This report focuses on South Africaâs restaurant, fast food and catering industry. Questionnaires were distributed to 227 key restaurant personnel. Clover Industries Limited (JSE: CLR or the âCompanyâ) is a branded foods and beverages company. Agricultural regions of South Africa Source: FAO Corporate Document Repository Agriculture is the foundation of developing economies. When hard lockdown was announced by President Cyril Ramaphosa, it led to the closure of most businesses. The Capital of South Africa is Pretoria South Africa has nine provinces: Western Cape -Nikita Kadam. Growth of SAâs and Africaâs packaging markets assured by socio-economic factors, says Deloitte. Through items on their menu such as the "Rave" burger. Itâs a mix of positives, negatives, and uncertainties. The restaurant industry has felt the impact of the national lockdown, including a significant change in how people are buying their food. A list of the 10 best courier companies South Africa in 2021. Vegan Food Market size is likely to witness steady gains in the forecast period owing to changing consumer perceptions towards vegetarian diets as well as its potential benefits in regulating cholesterol and insulin levels. The South African restaurant, fast food and catering sector generated revenue of more than R57.25bn in 2016. The industrial shift from upstream oil & gas sector to domestic food & beverage sector in Middle East countries such as Saudi Arabia and UAE is expected to open new industry ⦠The frozen food market size was valued at $291.8 billion in 2019, and is estimated to reach $404.8 billion by 2027, registering a CAGR of 4.2% from 2020 to 2027. Get Covid-19 Analysis. South Africa is the 42 nd largest economy in the world in terms of nominal GDP (Statistics times, 2020). South African food retail sales totaled 52.2 billion U.S. dollars in 2018. South Africa is an attractive economy with various prospects in the future, however it is far from being a member of BRIC group. Consumers have begun to weigh a new set of factors more heavily in their purchase, disrupting the consumer value equation in ways that present both opportunities and challenges for the food industry. Forecasts for the 12 African fast food markets and an outlook on the rest of the continent: Egypt, South Africa, Nigeria, Morocco, Kenya, Ghana, Algeria, Tunisa, Namibia, Botswana, Zambia and Zimbabwe. The 2015 SAM for South Africa identifies 62 industries and 104 commodities (van Seventer et al., 2018). 2018. Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in South Africa. As such, there are a lot of independent and chain fast food restaurants in South Africa (Nair, 2016). 1CIA Factbook South Africa, URL last visited 2-7-2010 4 1. Pestel analysis of south africa 1. The restaurant industry in South Africa is highly competitive, thus its important that you carry out proper market research before starting the business. South Africa. South Africa Restaurant, Fast Food and Catering Industry Report 2019 Featuring 50+ Profiles of ⦠DUBLINâ(BUSINESS WIRE)âMay 13, 2019âThe âThe Restaurant, Fast Food and Catering Industry in South Africa 2019â report has been added to ⦠Read more: South Africa Restaurant, Fast Food and Catering Industry Report 2019 Featuring 50+ Profiles of ⦠Poultry is a fast growing convenience food and promises healthy future demand. Despite the importance of franchising to the South African economy and the restaurant industry, little research has been conducted at a store level across franchised fast food restaurant brands. While the industry did bring in R42billion in 2016, it equates to only 1.4% of South Africa's GDP. The COVID-19 pandemic has had a drastic effect on the global food industry as governmentsâ decision to close down restaurants and bars to slow the spread of the virus has caused many restaurants to struggle. 1. Itâs a mix of positives, negatives, and uncertainties. How COVID-19 changed fast food in South Africa. 1 Africa' Executive summary 1 Africa: Tapping into growth, Opportunities, Challenges and strategies for consumer products (2013), Deloitte. South Africa's restaurant, fast food and catering sector generated revenue of R68.27bn in 2018, representing real revenue growth of 2.8%. (Agri Benchmark) #20. Forecasts for the 12 African fast food markets and an outlook on the rest of the continent: Egypt, South Africa⦠Strengths. The South African housing marketâs present doldrums are a far cry from the previous decadeâs housing boom (from 2000 to 2006), when national house prices rose by an average of 20% annually. Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa) Report Highlights . Unemployment Rate. The South African fast food industry is dominated by franchises. Introduction ⢠Developed country ⢠Upper-middle-Income Country ⢠25th Largest country in the world by land area with population close to 53 million people ⢠Afrikaan & English ⢠Economy â 2nd largest in Africa & 34th largest in the world. IN THE NEWS. Statistics South Africa (Stats SA) released its monthly survey on the financial performance of the food and beverage industry for the second quarter of 2019, ending in June (Q2:2019). Looked at a little differntly, for 2016, each and every South African spent R763 at Food and Beverage establishments in 2016. October 2012 South African edition South African retail and consumer products outlook 2012-2016 This report was written in cooperation with the Economist Intelligence Unitâs industry and management research division. The 2015 SAM for South Africa identifies 62 industries and 104 commodities (van Seventer et al., 2018). Overview of the fast food industry in South Africa The fast food industry in South Africa was previously dominated by an oligopolistic market structure but now a new form of configuration comprising independent and chain restaurants has evolved. The food and beverages industry in South Africa is one of the sub-sectors of agro-processing that plays a dominant role in terms of output and employment in the agro-processing sector. ... Africa, and South America. The purpose of this study was to determine the influence of the micro-environment on the fast food industry in South Africa. Weaknesses. RASA has direct representation with government and various other boards and promotes restaurants as a sector of hospitality. Read also. 1. Strength in the SWOT analysis of KFC. Income of labor is disaggregated by type. Factor analysis was used to identify the dimensions of micro-environmental factors influencing restaurants performances. Boasting one of the most pro-business environments in Africa, South Africa is a logical and attractive option for U.S. companies seeking to enter the Sub-Saharan Africa marketplace. Food truck Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025. Among the agro-processing industry , food and beverages contributed to 18,3% and 16,8% of the total employment and output of ⦠The market is expected to grow at a compound annual growth rate (CAGR) of 4.5% (previously 5.6%) for the forecast period 2020* to 2026*, to ⦠McDonalds aims to be the largest fast-food chain of restaurant. Famous Brands, which owns fast food and casual dining brands such as Steers, Wimpy, Debonairs, Mugg & Bean, FishAways etc, latest financial results showed they they have 2402 ⦠Pretoria, South Africa (EKN) have commissioned a scoping study into the current state of affairs of the agro-processing industry in South Africa and its challenges. In the report released by Statistics South Africa for the food and beverage industry for May 2019 showed sales at takeaway and fast-food ⦠SPAR has a presence in 12 African markets, which account for 17 percent of its global retail turnover. South Africa fast food market registered $2.7 billion in 2018, and is estimated to reach $4.9 billion by 2026, with a CAGR of 7.9% from 2019 to 2026. The South African food retail market is highly concentrated with the top seven companies of Shoprite, Pick n Pay, Massmart-(Walmart owned), Spar, Woolworths, the Food Lovers Market, and Choppies- (Botswana owned) accounting for about 80 percent of all retail sales. This PESTLE analysis of the food industry is certainly an interesting one. On the one hand, consumers have more to spend on food and robots can reduce expenses. The worldâs fast food industry revenue will reach $885.1 billion in ⦠Fast food industries in South Africa Fast food industries started as a franchise in South Africa under the canopy of the Franchise Association of South Africa (FASA). Now that weâve gone through the industry segments, itâs time for our analysis to begin in earnest. South Africaâs agro-food and beverages processing sector, serving a population of about 53 million, remains a significant component of the manufacturing economy. A SWOT analysis that examines the African Fast Food market.
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