Market Forecast By Product Types (Meat/Poultry Products, Cereal Based Products, Vegetables Based Products & Others), By Packaging Types (Sachet, Canned, Boxed, Frozen or Chilled & Others), By Distribution Channels (Hypermarkets/Supermarkets, Conveniences/Departmental Stores, Specialty Stores, Online Stores & Others), By Countries (Kenya, Nigeria, South Africa & Rest of Africa) and Competitive Landscape
Product Code: ETC002632 | Publication Date: May 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Ready-to-Eat Food Market |
Forecast period | 2025-2031 |
CAGR | 5% |
Growing Sector | Food |
The Africa Ready-To-Eat Food Market report thoroughly covers the market by product types, by packaging types, by distribution channels and by countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Ready-To-Eat Food Market is dynamic and expanding and is predicted to attain rapid growth in the coming years is attributed to factors such as busy lifestyles, increasing urbanization, and changing food preferences.
According to 6Wresearch, the Africa Ready-To-Eat Food Market size is expected to grow at a significant CAGR of 5% during the forecast period 2025-2031. This growth is fueled by factors such as busy lifestyles, increasing urbanization, changing food preferences and improving packaging options. The demand for these foods have also increased due to their ease of use, longer shelf life, and various options available. Moreover, advancements in technology and packaging techniques have made these products more appealing to consumers by ensuring longer shelf life and better quality. This has resulted in a wider range of options available in the market, catering to different dietary preferences and restrictions. Furthermore, increasing disposable incomes have led to a higher demand for premium ready-to-eat food products, driving the growth of the market.
Despite the benefits of Ready-To-Eat Food, there are some challenges in the Ready-To-Eat Food market. The primary challenge is the lack of infrastructure and cold storage facilities in many African countries, making it difficult to maintain product quality and extend shelf life.Furthermore, there is a growing concern about the nutritional value and ingredients used in ready-to-eat foods. Consumers are becoming more conscious of their health and are demanding transparency in labelling and production processes. This has led to stricter regulations being imposed on ready-to-eat food products, which could increase production costs for manufacturers.
Some of the key players operating in the Africa Ready-To-Eat Food Market include Nestle, Almarai, Savola Group, Americana Group, and Mars Inc. These companies are constantly investing in research and development activities to introduce new and innovative ready-to-eat food products in the market. Currently, Nestle holds the largest share in the Africa Ready-To-Eat Food Market.
The government of Africa has implemented strict regulations to ensure food safety and quality standards for all food products, including ready-to-eat meals. The African Union has set up the African Regional Standard for Processed Foods (ARSPF), which aims to harmonise food safety standards across the continent. This standard includes guidelines for ready-to-eat foods, ensuring that they are safe for consumption and meet certain nutritional requirements. In addition to regional standards, individual countries also have their own regulations in place. South Africa's Department of Health has implemented the Foodstuffs, Cosmetics and Disinfectants Act, which regulates the production and sale of ready-to-eat foods in the country.
The Africa Ready-To-Eat Food Market has been experiencing significant growth over the past few years. The future of the market depends on several factors. The demand for these products is projected to increase due to factors such as a growing population, urbanization, and changing lifestyles. Moreover, there will be a shift towards healthier and more sustainable options in the ready-to-eat food segment. This presents opportunities for companies to innovate and offer products that cater to this demand. Additionally, advancements in technology and packaging techniques will continue to drive the market by ensuring product quality and extending shelf life. The rise of online grocery platforms and e-commerce is also expected to further boost the availability and accessibility of these products.
According to Dhaval, Research Manager, 6Wresearch, the meat/poultry products segment is expected to hold the dominant share in the Africa ready-to-eat food market during the forecast period due to the increasing non-vegetarian population and demand for such meals.
The boxed packaging segment is expected to hold the dominant share in the Africa ready-to-eat food market owing to an increase in trend for online shopping in the country.
The online stores segment is expected to hold the dominant share in the Africa ready-to-eat food market. This can be attributed to the increasing penetration of the internet and the growing trend of online shopping among consumers.
South Africa holds the largest share in the Africa ready-to-eat food market due to its well-developed infrastructure and higher disposable incomes among consumers.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Methodology Adopted and Key Data Points |
2.5. Assumptions |
3. Africa Ready-to-Eat Food Market Overview |
3.1. Africa Ready-to-Eat Food Market Revenues, 2021-2031F |
3.2. Africa Ready-to-Eat Food Market Revenue Share, By Countries, 2021 & 2031F |
3.3. Africa Ready-to-Eat Food Market - Industry Life Cycle |
3.4. Africa Ready-to-Eat Food Market - Porter’s Five Forces Model |
4. Africa Ready-to-Eat Food Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Africa Ready-to-Eat Food Market Trends |
6. Kenya Ready-to-Eat Food Market Overview |
6.1. Kenya Ready-to-Eat Food Market Revenues, 2021-2031F |
6.2. Kenya Ready-to-Eat Food Market Revenue Share, By Product Types, 2021 & 2031F |
6.2.1 Kenya Meat/Poultry Ready-to-Eat Food Market Revenues, 2021-2031F |
6.2.2 Kenya Cereal Based Ready-to-Eat Food Market Revenues, 2021-2031F |
6.2.3 Kenya Vegetables Based Ready-to-Eat Food Market Revenues, 2021-2031F |
6.2.4 Kenya Other Ready-to-Eat Food Market Revenues, 2021-2031F |
6.3. Kenya Ready-to-Eat Food Market Revenue Share, By Packaging Types, 2021 & 2031F |
6.3.1 Kenya Sachet Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
6.3.2 Kenya Boxed Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
6.3.3 Kenya Canned Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
6.3.4 Kenya Frozen or Chilled Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
6.3.5 Kenya Other Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
6.4. Kenya Ready-to-Eat Food Market Revenue Share, By Distribution Channels, 2021 & 2031F |
6.4.1 Kenya Ready-to-Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2021-2031F |
6.4.2 Kenya Ready-to-Eat Food Market Revenues, By Online Stores, 2021-2031F |
6.4.3 Kenya Ready-to-Eat Food Market Revenues, By Convenience/Departmental Stores, 2021-2031F |
6.4.4 Kenya Ready-to-Eat Food Market Revenues, By Specialty Stores, 2021-2031F |
6.4.5 Kenya Ready-to-Eat Food Market Revenues, By Other Distribution Channels, 2021-2031F |
6.5. Kenya Ready-to-Eat Food Market - Key Performance Indicators |
6.6. Kenya Ready-to-Eat Food Market Opportunity Assessment |
6.6.1 Kenya Ready-to-Eat Food Market Opportunity Assessment, By Product Types, 2031F |
6.6.2 Kenya Ready-to-Eat Food Market Opportunity Assessment, By Distribution Channels, 2031F |
7. Nigeria Ready-to-Eat Food Market Overview |
7.1. Nigeria Ready-to-Eat Food Market Revenues, 2021-2031F |
7.2. Nigeria Ready-to-Eat Food Market Revenue Share, By Product Types, 2021 & 2031F |
7.2.1 Nigeria Meat/Poultry Ready-to-Eat Food Market Revenues, 2021-2031F |
7.2.2 Nigeria Cereal Based Ready-to-Eat Food Market Revenues, 2021-2031F |
7.2.3 Nigeria Vegetables Based Ready-to-Eat Food Market Revenues, 2021-2031F |
7.2.4 Nigeria Other Ready-to-Eat Food Market Revenues, 2021-2031F |
7.3. Nigeria Ready-to-Eat Food Market Revenue Share, By Packaging Types, 2021 & 2031F |
7.3.1 Nigeria Sachet Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.3.2 Nigeria Boxed Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.3.3 Nigeria Canned Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.3.4 Nigeria Frozen or Chilled Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.3.5 Nigeria Other Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
7.4. Nigeria Ready-to-Eat Food Market Revenue Share, By Distribution Channels, 2021 & 2031F |
7.4.1 Nigeria Ready-to-Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2021-2031F |
7.4.2 Nigeria Ready-to-Eat Food Market Revenues, By Online Stores, 2021-2031F |
7.4.3 Nigeria Ready-to-Eat Food Market Revenues, By Convenience/Departmental Stores, 2021-2031F |
7.4.4 Nigeria Ready-to-Eat Food Market Revenues, By Specialty Stores, 2021-2031F |
7.4.5 Nigeria Ready-to-Eat Food Market Revenues, By Other Distribution Channels, 2021-2031F |
7.5. Nigeria Ready-to-Eat Food Market - Key Performance Indicators |
7.6. Nigeria Ready-to-Eat Food Market Opportunity Assessment |
7.6.1 Nigeria Ready-to-Eat Food Market Opportunity Assessment, By Product Types, 2031F |
7.6.2 Nigeria Ready-to-Eat Food Market Opportunity Assessment, By Distribution Channels, 2031F |
8. South Africa Ready-to-Eat Food Market Overview |
8.1. South Africa Ready-to-Eat Food Market Revenues, 2021-2031F |
8.2. South Africa Ready-to-Eat Food Market Revenue Share, By Product Types, 2021 & 2031F |
8.2.1 South Africa Meat/Poultry Ready-to-Eat Food Market Revenues, 2021-2031F |
8.2.2 South Africa Cereal Based Ready-to-Eat Food Market Revenues, 2021-2031F |
8.2.3 South Africa Vegetables Based Ready-to-Eat Food Market Revenues, 2021-2031F |
8.2.4 South Africa Other Ready-to-Eat Food Market Revenues, 2021-2031F |
8.3. South Africa Ready-to-Eat Food Market Revenue Share, By Packaging Types, 2021 & 2031F |
8.3.1 South Africa Sachet Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
8.3.2 South Africa Boxed Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
8.3.3 South Africa Canned Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
8.3.4 South Africa Frozen or Chilled Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
8.3.5 South Africa Other Packaging Ready-to-Eat Food Market Revenues, 2021-2031F |
8.4. South Africa Ready-to-Eat Food Market Revenue Share, By Distribution Channels, 2021 & 2031F |
8.4.1 South Africa Ready-to-Eat Food Market Revenues, By Hypermarkets/Supermarkets, 2021-2031F |
8.4.2 South Africa Ready-to-Eat Food Market Revenues, By Online Stores, 2021-2031F |
8.4.3 South Africa Ready-to-Eat Food Market Revenues, By Convenience/Departmental Stores, 2021-2031F |
8.4.4 South Africa Ready-to-Eat Food Market Revenues, By Specialty Stores, 2021-2031F |
8.4.5 South Africa Ready-to-Eat Food Market Revenues, By Other Distribution Channels, 2021-2031F |
8.5. South Africa Ready-to-Eat Food Market - Key Performance Indicators |
8.6. South Africa Ready-to-Eat Food Market Opportunity Assessment |
8.6.1 South Africa Ready-to-Eat Food Market Opportunity Assessment, By Product Types, 2031F |
8.6.2 South Africa Ready-to-Eat Food Market Opportunity Assessment, By Distribution Channels, 2031F |
9. Rest of Africa Ready-to-Eat Food Market Overview |
9.1 Rest of Africa Ready-to-Eat Food Market Revenues, 2021-2031F |
10. Africa Ready-to-Eat Food Market Competitive Landscape |
10.1 Africa Ready-to-Eat Food Market Competitive Benchmarking, By Operating and Technical Parameters |
10.2 Africa Ready-to-Eat Food Market Company Revenue Share/ Ranking, By Country |
10.2.1. Kenya Ready-to-Eat Food Market Revenue Share/ Ranking, By Company, 2024 |
10.2.2. South Africa Ready-to-Eat Food Market Revenue Share/ Ranking, By Company, 2024 |
10.2.3. Nigeria Ready-to-Eat Food Market Revenue Share/ Ranking, By Company, 2024 |
11. Company Profiles |
12. Strategic Recommendations |
13. Disclaimer |