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Soups in South Africa

Summary

Soups in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, 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

- Soups market includes the retail sales of ambient soup, chilled soup, dried soup (mixes), frozen soup, and UHT soup.
- The South African soups market recorded revenues of $102.5 million in 2024, representing a compound annual growth rate (CAGR) of 0.6% between 2019–24.
- Market consumption volume increased with a CAGR of 2.8% between 2019–24, reaching a total of 17.5 million kilograms in 2024.
- The South African soups market registered sluggish growth during 2019–24, primarily due to weak economic growth, rising inflation, and elevated interest rates squeezed household disposable income, which in turn suppressed demand for non-essential packaged food categories like premium soups.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the soups market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the soups market in South Africa
- Leading company profiles reveal details of key soups market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa soups market with five year forecasts

Reasons To Buy

- What was the size of the South Africa soups market by value in 2024?
- What will be the size of the South Africa soups market in 2029?
- What factors are affecting the strength of competition in the South Africa soups market?
- How has the market performed over the last five years?
- Who are the top competitors in South Africa's soups market?