South Africa Foodservice Market Size and Trends by Profit and Cost Sector Channels, Players and Forecast to 2028

South Africa Foodservice Market Report Overview

The South Africa foodservice profit sector revenue was ZAR585.1 billion ($35 billion) in 2023 and is expected to attain a CAGR of over 6% during 2023-2028. This profit sector reflects the popularity of convenient and budget-friendly offerings among consumers. Therefore, The QSR, FSR, mobile operator, retail, and coffee & tea shop channels registered growth during the period.

South Africa Foodservice Profit Sector Outlook 2023-2028, (ZAR Billion)

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The South Africa foodservice market research report offers an in-depth analysis of the key issues impacting the market and presents growth opportunities for the sector participants. The report evaluates the South Africa foodservice market in terms of profit sector channels and cost sector channels for the next five years (2023-28). This report will act as a vital point of reference for business-critical decision-making among the foodservice operators or suppliers in South Africa.

South Africa Foodservice Market Trends

• Social responsibility: Consumers prioritize options that benefit society. They are attracted to socially responsible operators that demonstrate genuine commitment to making a positive social impact.
• Trustworthiness and familiarity: Consumers will prioritize products and services with which they are familiar and that have gained their trust over time.

• Digitalization: Digital technologies in the profit sector will contribute to a larger share of transactions owing to the increased convenience of ordering food and drinks.

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South Africa Foodservice Market Segmentation by Profit Sector Channels

QSR was the largest profit sector channel in 2023 by value sales.

The key profit sector channels in the South Africa foodservice market are FSR; QSR; pub, club & bar; workplace; mobile operator; and retail. The QSR was the leading profit sector channel in 2023, followed by Pub, club and bar, and FSR. Key QSR operators generated consumer interest by periodically presenting new innovations. In September 2023, KFC South Africa successfully executed its first-ever drone delivery by transporting a 21-piece KFC bucket during the KFC T20 International Series.

South Africa Foodservice Market Analysis by Profit Sector Channels, 2023 (%)

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South Africa Foodservice Market Segmentation by Cost Sector Channels

The key cost sector channels in the South Africa foodservice market are education, military & civil defense, welfare & services, healthcare, and complimentary services. In 2023, education appeared to be the largest cost sector, followed by military & civil defense and welfare & services.

South Africa Foodservice Market Analysis by Cost Sector Channels, 2023 (%)

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South Africa Foodservice Market – Competitive Landscape

Yum! Brands was the leading QSR operator in 2023.

The key foodservice companies in South Africa are:

• Yum! Brands
• McDonald’s
• Spur
• Famous Brands
• Vida e café
• Starbucks

South Africa Foodservice Market Analysis by Competitors

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South Africa Foodservice Market – Latest Developments

• In January 2023, the Yum! Brands provided scholarships to children of its employees through the Ikusasa Lethu Scholarship Programme.

• In November 2023, Starbucks launched a new store in Sandton, Johannesburg, as a part of the operator’s expansion strategy. The design of the new outlet bears a resemblance to its stores in the Middle East.

Segments Covered in the Report

South Africa Foodservice Market Outlook by Profit Sector Channel (Value ZAR Billion, 2018-2028)

• Yum! Brands
• McDonald’s
• Spur
• Famous Brands
• Vida e café
• Starbucks

South Africa Foodservice Market Outlook by Cost Sector Channels (Value, ZAR Billion, 2018-2028)

• Education
• Military & civil defense
• Welfare & services
• Healthcare
• Complimentary Services

Scope

The report includes:

• Overview of South Africa’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the South Africa foodservice market, including GDP per capita, consumer price index, population growth, and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, coffee & tea shop, and pub, club & bar) within the South Africa foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits, and motivations that drive out-of-home meal occasions among segments of the South Africa population.
• Key players: Overview of market leaders within the four major channels, including business descriptions and number of outlets.

Reasons to Buy

• Get specific forecasts of the foodservice market over the next five years will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Understand the consumer segmentation that details the desires of known consumers among all major foodservice channels (QSR, FSR, coffee & tea shop, and pub, club & bar).