Confectionery in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the South Africa confectionery market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The confectionery market consists of the retail sale of chocolate, gum, and sugar confectionery products. The chocolate segment consists of boxed chocolate, chocolate countlines, chocolate straightlines, molded bars, and novelties. The sugar confectionery consists of licorice, lollipops, caramels and toffees, hard-boiled sweets, medicated confectionery, and mints. The gum segment consists of bubble gum and chewing gum. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2016 exchange rates.
The South African confectionery market had total revenues of $905.1m in 2016, representing a compound annual growth rate (CAGR) of 5.6% between 2012 and 2016.
Market consumption volume increased with a CAGR of 3% between 2012 and 2016, to reach a total of 100.6 million kilograms in 2016.
In terms of value, the strong growth of the market was due to high price per unit. The economic turmoil, along with currency depreciation, forced confectionery manufacturers to increase product price to manage production costs.
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What was the size of the South Africa confectionery market by value in 2016?
What will be the size of the South Africa confectionery market in 2021?
What factors are affecting the strength of competition in the South Africa confectionery market?
How has the market performed over the last five years?
Who are the top competitiors in South Africa's confectionery market?