South Africa Foodservice Industry Study By Type, Application, Market Share, Growth, Trends and Forecasts till 2023

The South African profit sector foodservice market is dominated by QSR and fast food. A young population with a growing middle class present good growth prospects for operators. However, high unemployment and faltering consumer confidence are denting growth, as is the decline of the South African Rand. Despite the state of the wider economy, total profit sector revenue grew at a CAGR of 2.5% between 2016 and 2018, with growth forecast to contract to 2.0% until 2023.