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Opportunities in Africa’s food processing / packaging sector : 7-fold growth forecasted
According to recent market research forecasts, diet and food patterns concerning the majority of Africa’s population will see a radical change in the next ten years.
Processed foods will be in strong demand and are forecasted to increase 7-fold in the next 25 years. Bottled beverages, preserved and tinned food as well as fresh groceries in form of ‘ready-to-eat’ products will be in high demand, due to the urban development in combination with increased income structures. Linked hereto will be an increase in energy and water usage which creates opportunties energy efficient measures in the industry. < /p>
To date 90% of groceries are bought at traditional markets (South Africa excluded). Changes in the traditional and equally in the modern food sector are essential. The focus lies on the production of better, cheaper and a wide variety of food offers with an increased storage life. Many countries in sub-Sahrra Africa are aware of the necessity to adjust their infrastructure in line with the new, rapidly growing demand, e.g. stores with refrigerating facilities, not commonly existing to date. < /p>
South Africa’s food packaging industry
South Africa’s food packaging industry is continually growing with an annual increase of 9% in 2013. The increased demand in consumer-friendly products with added-value (enriched with vitamins) as well as increasing unit prices dependant on rising raw material, fuel and energy prices added to the sector growth.
Article supplied by InterGest South Africa