Food Bites - Confectionery Bars
May 11th 2011, 12:58
Health bars experienced 4.5% growth during the base year and are expected to grow at higher rates in 2011 and 2012. Health bars have shown consistent year on year growth and this is mainly attributed to the healthy eating trend that has been growing in popularity over the years.
General retail remains the most popular distribution channel for health bars, although it lost some share to other channels in 2010. Gauteng continues to consume the greatest health bar volumes countrywide, with 56.7% of the industry’s output sold in this region.
The growth seen in this category over the years could be attributed to regular innovation and reformulation, as well as new brands and flavours. This generates consumer interest particularly with the innovator group of consumers. Health bars represent a convenient meal replacement solution, which is congruent with the trend to on-the-go consumption. The addition of “natural or wholesome” ingredients is also believed to drive sales.
Click here for more information on BMI
In an effort to deliver improved return on investment to its clients on the research it undertakes for them, pricing specialist, BMi Research, has added the renowned business intelligence platform, Qlikview, to its repertoire of reporting tools.
Rice volumes in South Africa increased by a large growth in 2012. This abnormally large growth is attributed to the price increases for maize meal experienced during 2012. The demand for rice increased substantially as consumers switched their staple food from maize meal to rice.
The pasta market within South Africa declined in 2012. Dry pasta which comprises the majority of the pasta market lost share in 2012. However, the pasta meal kit market saw volumes increase.
The coffee market saw domination this year by a few top players, who pushed the volumes in the industry up. These players have products in all four of the market’s sub-sectors so their influence was felt all-round.
PPI slows down
17/12/2013 - 07:51
Johannesburg - The year-on-year producer price index (PPI) slowed to 5.8% last month, compared to 6.3% in October, Statistics SA (Stats SA) has said.
May wholesale trade up 8.7%
20/07/2012 - 08:31
Johannesburg - Wholesale trade sales at constant prices for May grew by 8.7% year-on-year (y/y) compared with a 9.5% y/y growth in April‚ Statistics SA data showed on Thursday.
Western Cape economy cools down
13/07/2012 - 08:05
Cape Town – Together with the chilly Cape weather the Western Cape economy is also cooling down, as is evident from the May Sake24 and BoE Private Clients Western Cape Barometer.
Cheaper oil, food put lid on inflation
22/06/2012 - 07:43
The price of Brent crude oil fell below $91 a barrel yesterday, a price last seen in December 2010, from this year’s high of $124 in March.
Tough trading likely to continue — Pick n Pay
19/06/2012 - 08:58
The country’s second-largest retailer, Pick n Pay (PIK), is operating in a time of tightened consumer spending, increased competition in the retail sector, and increased food inflation and utility costs, the retailer’s chairman, Gareth Ackerman, said on Friday.