South Africa Snack Bar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 11.48 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Snack Bar Market Analysis
The South Africa Snack Bar Market is projected to register a CAGR of 11.48% during the forecast period.
The demand for sports and energy bars is increasing in the country, especially among health-conscious consumers. Protein and fiber are the two most popular ingredients that are generating demand among consumers. This trend continues to influence manufacturers of energy bars, pushing them to launch high protein and high fiber bars that can serve as a supplementary source of energy and a meal replacement option.
Consequently, FutureLife, a brand leader in the South African functional food market, extended its current SmartFood product range by offering three energy and protein bars, namely, High Energy SmartBars, High Protein SmartBars, and High Protein Lite SmartBars, for South African consumers. The high-energy protein and sports bars are available across channels in the country, which the company claims are all non-GMO, contain added vitamins, minerals, and the daily immune supplement, MODUCARE.
The concept of allergen-free products is likely to stir the market for snack bars during the forecast period, providing access to worry-free snacking for people allergic to gluten, soy, or any other similar ingredient. Thus, manufacturers are also launching innovative products to cater to the potential market. However, a major factor that restrains the growth of the snack bars market is the number of options available in healthy snacks other than snack bars like nuts, seeds, and dried fruit products that are natural and readily available in the market.
South Africa Snack Bar Market Trends
Demand for Convenient and Healthy On-The-Go Snacking
The demand for convenience foods is growing faster due to changes in social and economic patterns and increased expenditure on food and beverage products, awareness about healthy foods, changes in meal patterns and existing food habits, and the desire to taste new products. Snacking is common in South Africa during social occasions or on the go. However, healthier snacking options are becoming more popular as customers become more informed. Snacks often include bars with whole grain wheat and other cereals, although pulse flours, nuts, and organically processed grains are also being used. Moreover, the rising disposable income of consumers is also adding to the demand for snack bars in the country. On-the-go snacking is becoming extremely popular, especially among working-class people, teenage children, people living in hostels, and bachelors due to their hectic lifestyles. Moreover, the on-the-go snacking concept is closely associated with the easy consumption and handling of snack bars' products. Thus, the demand for snack bars is increasing due to the linked convenience of consumption, aided by disposable packaging that prevents the bars from coming in contact with hands, keeping them clean to work simultaneously.
Supermarkets/Hypermarkets Lead the Distribution Channel Segment
Over time, consumer demand for easy and nutritious on-the-go snack choices has been the most crucial factor in the sales of snack bars. In addition, the evolving lifestyles of South African consumers, which include the consumption of smaller meals, contribute to increased consumption of energy bars, which are the healthier choice. Thus, supermarkets/hypermarkets provide a super-sized shopping experience with suitable displays and assortments of indulgent snacking products. The proximity factor of these channels, especially in bigger cities and metropolitan areas, gives them an added advantage of influencing the snacking habits of consumers.
Supermarkets/Hypermarkets hold a relatively high market share in the distribution channel segment in the region. The distribution of multi-brand items is being accelerated by expanding supermarket chains, such as Shoprite, Pick n Pay, Spar, and Woolworths, among others. According to the USDA Foreign Agricultural Services, Shoprite witnessed 36% of the market share in this segment, followed by Pick n Pay and Spar at 18%, and Woolworths having 9%.
These supermarkets are focusing more on hassle-free shopping experiences for customers. Snack bars and other related items are often displayed at the entrance, end of aisles shows, in island bins, at the checkout, and in the designated snack food aisles, which induces impulsive buying behavior among the consumers before they check out from the stores. This factor has boosted the demand for snack bars in supermarkets and hypermarkets.
South Africa Snack Bar Industry Overview
The South African snack bar market is highly fragmented and competitive, with the presence of several global and regional players. The market is dominated by the presence of global players, such as The Kellogg Company, Mondelez International Inc., General Mills Inc., Nestle SA, and Rush Nutrition Inc., among others. New product development is the most adopted strategy and follows the consumer trend, i.e., the target segment, which helps in the better positioning of the company. Athletes and fitness-freak consumers look forward to the content in the energy and protein bars, rather than different flavors in various categories. Companies with products in the snack bar market are benefiting and developing strategies to continue holding their positions by introducing new variants in the category. Consumers prefer innovations in the products, such as the addition of flavors and the inclusion of health-promoting ingredients.
South Africa Snack Bar Market Leaders
Nestle SA
The Kellogg Company
General Mills Inc.
Mondelez International Inc.
Rush Nutritional SA
*Disclaimer: Major Players sorted in no particular order
South Africa Snack Bar Market News
- October 2022: Kellogg Co. introduced three new flavor mashups within its Nutri-Grain brand, including two new fruit and vegetable breakfast bars and new 'Bites.' The new soft-baked breakfast bars are made with fruit and vegetable flavors and are available in strawberry, squash, apple, and carrot varieties.
- June 2022: Mondelez International acquired Clif Bar & Company, a snack bar company offering its products in South Africa. The company claims to prepare its energy bars using organic and natural ingredients.
- March 2022: CLIF Bar launched its CLIF Thin snack bars, in turn, expanding its product portfolio. The product was made available in three flavors including chocolate chip, white chocolate macadamia nut, and chocolate peanut brownie.
South Africa Snack Bar Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Cereal Bars
5.1.2 Energy Bars
5.1.3 Other Snack Bars
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Online Retail Stores
5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Nestle SA
6.3.2 The Kellogg Company
6.3.3 General Mills Inc.
6.3.4 Post Holdings
6.3.5 Mondelez International Inc.
6.3.6 Quest Nutrition LLC
6.3.7 Ultimate Sports Nutrition
6.3.8 Lotus Bakeries Corporate
6.3.9 Youthful Living
6.3.10 Rush Nutrition SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
South Africa Snack Bar Industry Segmentation
Snack bars are snack foods containing cereals, fruits, nuts, and flavor ingredients intended to supply quick energy and protein. The South African snack bar market is segmented by product type and distribution channel. On the basis of product type, the market is segmented into cereal bars, energy bars, and other snack bars. By distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels. For each segment, the market sizing and forecasts have been done based on value (in USD Million).
| Product Type | |
| Cereal Bars | |
| Energy Bars | |
| Other Snack Bars |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
South Africa Snack Bar Market Research FAQs
What is the current South Africa Snack Bar Market size?
The South Africa Snack Bar Market is projected to register a CAGR of 11.48% during the forecast period (2024-2029)
Who are the key players in South Africa Snack Bar Market?
Nestle SA, The Kellogg Company, General Mills Inc., Mondelez International Inc. and Rush Nutritional SA are the major companies operating in the South Africa Snack Bar Market.
What years does this South Africa Snack Bar Market cover?
The report covers the South Africa Snack Bar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Snack Bar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Snack Bar in South Africa Industry Report
Statistics for the 2024 Snack Bar in South Africa market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Snack Bar in South Africa analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
