Confectionery in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Confectionery market includes retail sales of chocolate, sugar confectionery, and gum products. Chocolate segment includes all chocolate based products, including boxed chocolates, chocolate countlines, chocolate straightlines, molded bars and novelties. Sugar confectionery segment includes caramels and toffees, gums and jellies, hard boiled sweets, liquorice, lollipops, medicated confectionery and mints. Gum segment covers all bubble and chewing gum. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
- The South African Confectionery market recorded revenues of $1.77 billion in 2024, representing a negative compound annual growth rate (CAGR) of 1.2% between 2019 and 2024.
- Market consumption volumes declined with a negative CAGR of 1.7% between 2019 and 2024, reaching a total of 124.6 million kilograms in 2024.
- The South African confectionery market experienced a contraction during the review period (2019-24), primarily due to prolonged economic challenges, high unemployment rates, and reduced consumer purchasing power, all of which limited discretionary spending on nonessential items like chocolates and sugar confectionery.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the confectionery market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the confectionery market in South Africa
- Leading company profiles reveal details of key confectionery market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa confectionery market with five year forecasts
Reasons to Buy
- What was the size of the South Africa confectionery market by value in 2024?
- What will be the size of the South Africa confectionery market in 2029?
- What factors are affecting the strength of competition in the South Africa confectionery market?
- How has the market performed over the last five years?
- What are the main segments that make up South Africa's confectionery market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mondelez International Inc
- Tiger Brands Ltd
- Nestle SA
- Premier FMCG Pty Ltd
