Meat Industry in South Africa Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Meat Processing Companies in South Africa and is Segmented by Source (Poultry, Pork, Beef, and Mutton), Product Type (Chilled, Frozen, and Shelf Stable), and Distribution Channel (Online Retail Channels and Offline Retail Channels). The report offers market size and forecasts for the processed meat market in value (USD million) for all the above segments.

South African Processed Meat Market Size

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South Africa Processed Meat Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 629.69 Million
Market Size (2029) USD 878.23 Million
CAGR (2024 - 2029) 6.88 %
Market Concentration Low

Major Players

South Africa Processed Meat Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South African Processed Meat Market Analysis

The South Africa Processed Meat Market size is estimated at USD 629.69 million in 2024, and is expected to reach USD 878.23 million by 2029, growing at a CAGR of 6.88% during the forecast period (2024-2029).

There has been an increase in the consumption of packaged food products in South Africa, which is fueling the market for processed meat. A rising number of millennials in the country are consuming ready-to-cook and ready-to-eat foods, which is increasing the demand for processed meat in the country. Furthermore, demand for quality meat products and a spike in consumer spending on meat products, particularly among the middle class, may drive the processed meat market. Most demand for processed meat will likely come from hotels, restaurants, and food service segments. But people are still likely to eat a lot of fresh meat, even though they will eat more poultry meat and products.

The increase in disposable income drives the growth of the South African processed meat market. Furthermore, consumers' increasingly fast-paced lifestyles and less time spent cooking are driving market demand for processed meat products. However, the rising cost of raw materials used in feed is a significant restraint on the market. Religious practices make people even less likely to eat pork and beef, while marketing campaigns by big companies are helping to grow the market. South Africa is the largest regional exporter of processed meat.

South African Processed Meat Market Trends

This section covers the major market trends shaping the South Africa Processed Meat Market according to our research experts:

Growth of Foodservice Restaurants Increased Meat Consumption

Owing to the rising presence of international consumers, the food service market is primarily driven by the increasing frequency of dining out amid time-pressed schedules and the growing influence of cross-cultural dietary patterns. The growth of food service is evident in the fact that the market for processed meat is expected to witness growth, citing offerings in different formats to lure more domestic consumers and international tourists. Additionally, as a result of globalization, urbanization, and the increasing presence of the middle class, as well as the increasing participation of women in the labor force, South Africa is experiencing rapid growth in quick service restaurants (QSR) such as KFC, Steers, Wimpy, Debonairs, and others. This has led to an increase in the consumption of fast food and ready-to-eat meals, which in turn is driving the demand for processed meats in the country.

As for food franchises in South Africa, over 100 companies are listed in the Franchise Association of South Africa (FASA). According to trade economics data, South Africa is proving a very successful market for foreign food service franchises as well, where several international brands have taken advantage of the country's average retail growth of 3 to 5% over the past few years by investing heavily in the segment as a part of expansion or unveiling plans to do so in the future.

South Africa Processed Meat Market : Sales of Food and Beverages (in billion USD), Foodservice Sector, South Africa, 2016 -2021

Poultry is the Most Preferred Type of Processed Meat

South Africa is the largest regional exporter of processed meat. The southern African countries Botswana, Lesotho, Malawi, Mozambique, Namibia, the Seychelles, Swaziland, Zambia, and Zimbabwe suspended imports of processed meat from South Africa, which hampered the processed meat industry. Processed chicken meat is expected to perform well, mainly due to the rising prices of other meats and the strong popularity of chicken meat in South Africa. Chicken meat is widely consumed in the country; according to the USDA Foreign Agriculture Service, the domestic consumption volume of broilers increased by 5 metric tons in 2021. Also, demand for meat products has been influenced by the variety, prices, and services that retail food firms have offered to their customers.

South Africa Processed Meat Market : Domestic consumption volume of broiler (in I,000 metric tons), South Africa, 2016-2021

South African Processed Meat Industry Overview

The South African processed meat market is competitive due to many regional and domestic players. South Africa is an emerging market, and vendors emphasize the companies' mergers, expansions, acquisitions, partnerships, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. The major companies are promoting the health benefits of animal proteins in this region to increase the market's growth. Innovations in meat processing technology encourage vendors to introduce new products. Major companies operating in the country are Tiger Brands, RCL Foods, Tyson Foods, Eskort Co-operative, and BRF SA, among others.

South African Processed Meat Market Leaders

  1. Tiger Brands

  2. RCL Foods

  3. Eskort Co-operative

  4. BRF S.A.

  5. Tyson Foods Inc.

*Disclaimer: Major Players sorted in no particular order

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South African Processed Meat Market News

  • May 2022: JBS announced that two plants of the subsidiary Seara were approved to export chicken meat to South Africa. With that, the company now has 28 units ready to export chickens and pigs to the African country.
  • April 2022: CULT Food Science Corp. announced that its portfolio company, Mogale Meat Co., had created its first cultivated chicken breast product in Africa.
  • March 2022: BRF was granted a license to export sausages to South Africa. A company statement stated that the item was produced in Marau, in northern Rio Grande do Sul, specifically for the South African market.

South African Processed Meat Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Poultry

      2. 5.1.2 Pork

      3. 5.1.3 Beef

      4. 5.1.4 Mutton

    2. 5.2 By Product Type

      1. 5.2.1 Chilled

      2. 5.2.2 Frozen

      3. 5.2.3 Shelf Stable

    3. 5.3 By Distribution

      1. 5.3.1 Online Retail Channels

      2. 5.3.2 Offline Retail Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 BRF SA

      2. 6.3.2 Tiger Brands

      3. 6.3.3 RCL Foods

      4. 6.3.4 Eskort Co-operative

      5. 6.3.5 Tyson Foods

      6. 6.3.6 JBS SA

      7. 6.3.7 Astral Poultry Ltd.

      8. 6.3.8 Rainbow Farms (Pty) Ltd

      9. 6.3.9 Irvin & Johnson ltd

      10. 6.3.10 New Style Pork (Pty) Ltd.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South African Processed Meat Industry Segmentation

Processed meat is considered to be any meat that has been modified to either improve its taste or extend its shelf life. Methods of processing meat include salting, curing, fermentation, smoking, and adding chemical preservatives. The South African processed meat market is segmented by source, by product, and by distribution channel. Based on source, the market is segmented into poultry, pork, beef, lamb, and mutton. Based on product type, the market is segmented into chilled, frozen, and shelf-stable. Based on distribution channel, the market is segmented into online retail stores and offline retail stores. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Source
Poultry
Pork
Beef
Mutton
By Product Type
Chilled
Frozen
Shelf Stable
By Distribution
Online Retail Channels
Offline Retail Channels
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South African Processed Meat Market Research FAQs

The South Africa Processed Meat Market size is expected to reach USD 629.69 million in 2024 and grow at a CAGR of 6.88% to reach USD 878.23 million by 2029.

In 2024, the South Africa Processed Meat Market size is expected to reach USD 629.69 million.

Tiger Brands, RCL Foods, Eskort Co-operative, BRF S.A. and Tyson Foods Inc. are the major companies operating in the South Africa Processed Meat Market.

In 2023, the South Africa Processed Meat Market size was estimated at USD 589.16 million. The report covers the South Africa Processed Meat Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Processed Meat Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South African Meat Industry Report

Statistics for the 2024 South African Meat market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South African Meat analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Meat Industry in South Africa Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)