2014-02-04 04:33:01 - South Africa Food and Drink Report Q3 2013 - a new market research report on companiesandmarkets.com
We continue to hold a positive outlook on South Africa´s consumer story, as the country´s economy continues to recover post-recession. Private consumption is expected to be stable, rising 3.0% in 2013, paired with a growing population over our forecast period to 2017.Although the economic recovery has not been without challenges and will likely remain uneven, in our view, the consumer sector continues to hold up.
Headline Industry Data
- 2013 per capita food consumption (local currency) = +8.5%; five-year forecast compound annual growth (CAGR) to 2017 = +8.9%.
- 2013 soft drinks volume sales = +5.4%; forecast compound annual growth to 2017 = +7.5%.
- 2013 mass grocery retail sales (local currency) = +9.5%; forecast compound annual growth to 2017 = +9.8%.
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