South Africa Retail Market Size by Sector and Channel including Online Retail, Key Players and Forecast to 2027
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
South Africa Retail Market Overview
The South Africa retail market size was ZAR1.61 trillion in 2022. The market is expected to grow at a CAGR of more than 4% during 2022-2027.
South Africa Retail Market Outlook 2022 – 2027 (ZAR Trillion)
Buy Full Report for More Insights into the South Africa Retail Market Forecast
The South Africa retail market research report provides both historic and forecast market data for total retail sales in South Africa. It illustrates the data with charts, graphs, and tables, summarizing the value trends, with individual sector details in overall retail. The databook also reveals major retailers in each sector and their market share along with their price and market positioning in 2022.
Market Size (2022) | ZAR1.61 Trillion |
CAGR (2022-2027) | >4% |
Historical Period | 2017-2022 |
Forecast Period | 2023-2027 |
Key Sectors | · Food & Grocery
· Home · Health & Beauty · Electricals · Clothing & Footwear · Others |
Key Distribution Channels | · Hypermarkets, Supermarkets & Hard Discounters
· Convenience Stores (Including Independents) and Gas Stations · Food and Drinks Specialists · Drug Stores and Health & Beauty Stores · Electrical and Electronics Specialists · Clothing, Footwear, and Accessories Specialists · Home Improvement and Gardening Supplies Specialists · Online |
Leading Retailers | · MRP
· Pep · Woolworths · Jet · Truworths |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
South Africa Retail Market Segmentation by Sectors
The health & beauty segment is anticipated to record the highest CAGR growth during the forecast period.
The key sectors in the South Africa retail market are food & grocery, clothing & footwear, home, electricals, health & beauty, among others. Food & grocery had the highest value share in 2022.
South Africa Retail Market Analysis by Sectors, 2022 (%)
Buy Full Report for More Sector Insights into the South Africa Retail Market
South Africa Retail Market Segmentation by Distribution Channels
Hypermarkets, supermarkets & hard discounters had the highest value share in 2022.
Some of the key distribution channels in the South Africa retail market are hypermarkets, supermarkets & hard discounters, online, clothing, footwear, and accessories specialists, convenience stores (including independents) and gas stations, drug stores, and health & beauty stores, and food and drinks specialists among others. The online channel is anticipated to record the highest CAGR growth during the forecast period.
South Africa Retail Market Analysis by Distribution Channels, 2022 (%)
Buy Full Report for More Distribution Channel Insights into the South Africa Retail Market
South Africa Retail Market - Competitive Landscape
Some of the leading retailers in the South Africa retail market are:
- MRP
- Pep
- Woolworths
- Jet
- Truworths
South Africa Retail Market Analysis by Retailers, 2022
Buy Full Report for More Retailer Insights into the South Africa Retail Market
Segments Covered in the Report
South Africa Retail Market Sectors Outlook (Value, ZAR Trillion, 2017-2027)
- Food & Grocery
- Clothing & Footwear
- Home
- Electricals
- Health & Beauty
South Africa Retail Market Distribution Channels Outlook (Value ZAR Trillion, 2017-2027)
- Hypermarkets, Supermarkets & Hard Discounters
- Clothing, Footwear, and Accessories Specialists
- Convenience Stores (Including Independents) and Gas Stations
- Drug Stores and Health & Beauty Stores
- Food and Drinks Specialists
- Online
Scope
– The overall retail industry in South Africa is forecast to grow at a CAGR of 5.1% between 2020 and 2025 to reach ZAR 1,700 bn.
– Food & Grocery is the dominating sector with ZAR 770.1 bn in 2020 but Electricals is the fastest growing major sector, which will grow at 7.1% CAGR between 2020-2025 to reach ZAR 120.4 bn.
– Hypermarkets, supermarkets and hard discounters is the leading channel, but duty free retail channel is expected to see the maximum growth during the forecast period, registering a CAGR of 25.4% between 2020-2025 to reach ZAR 5.9 bn.
– The South Africa retail industry is dominated by mass market players
Key Highlights
Retail in South Africa to grow at 4.9% CAGR over 2022-2027 driven by inflation and economic recovery
Hypermarkets and supermarkets growing share of food & grocery, but online penetration is still very low
Online electrical sales share of South Africa is expected to reach 22% in 2027, the highest among all sectors
Home sector sales to grow by ZAR 180bn by 2027
Reasons to Buy
- Gain a comprehensive view of the South Africa retail industry and forecasts to 2027.
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the retail market in South Africa.
- Investigate current and forecast trends in the South African retail sectors to identify the opportunities offering the most potential.
- Understand who the main competitors are in the sectors and their price positioning.
Pep
Woolworths
Jet
Truworths
Edgars
Ackermans
Pick n Pay Clothing
Markham and JetMart
Table of Contents
Frequently asked questions
-
What was the South Africa retail market size in 2022?
The retail market size in South Africa was ZAR1.61 trillion in 2022.
-
What is the South Africa retail market growth rate?
The retail market in South Africa is expected to grow at a CAGR of more than 4% during 2022-2027.
-
Which was the leading sector in the South Africa retail market in 2022?
Food & grocery was the leading sector in the South Africa retail market in 2022.
-
Which was the leading distribution channel in the South Africa retail market in 2022?
Hypermarkets, supermarkets & hard discounters was the leading distribution channel in the South Africa retail market in 2022.
-
Which are the leading retailers in the South Africa retail market?
Some of the leading retailers in the South Africa retail market are MRP, Pep, Woolworths, Jet, and Truworths.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.