Market Size of South Africa Savory Snacks Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.78 Billion |
Market Size (2029) | USD 2.58 Billion |
CAGR (2024 - 2029) | 7.74 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South Africa Savoury Snacks Market Analysis
The South Africa Savory Snacks Market size is estimated at USD 1.78 billion in 2024, and is expected to reach USD 2.58 billion by 2029, growing at a CAGR of 7.74% during the forecast period (2024-2029).
The inclination toward Western food habits and the busy lifestyles of working professionals and students have propelled consumers to shift from elaborate luncheons to packaged and ready-to-consume meals. This represents one of the major factors driving the demand for savory snacking options in South Africa. In addition, increased awareness of health and wellness has influenced consumers to seek snacks that offer nutritional benefits, such as protein-rich meat snacks, whole grain chips, and natural ingredients in trail mixes. Therefore, players are introducing healthier alternatives to capitalize on consumers' demands. For example, Harvestime in South Africa offers straight-cut chips that are low in sodium, contain less fat, and are cholesterol-free, helping maintain blood pressure, per the company’s claim. Companies are also teaming up with chefs to offer exceptional taste and quality. For instance, in October 2023, Simba collaborated with Chef Benny to create their new Steakhouse Beef flavored chips. Per the company’s claims, this significant collaboration reflects Simba's commitment to creating authentic flavors that resonate with South African culture.