Food Bites: Yoghurt growth slows
Nov 15th 2011, 08:27
The overall demand for cultured dairy products continues to increase and the yoghurt market plays an integral part within this. The category has seen consistent growth since BMI tracking started in 1998. However, the overall annual growth rate has slowed down in the last five years, with the market in 2009 in particular showing a very small volume increase.
Yoghurt growth slows
• While the category growth has slowed, market movement is still positive, albeit limited. This is in stark contrast to the healthy growth seen in previous years.
• The base year saw a volume growth of 3.8% as the overall economy improved, and the yoghurt market is expected to grow by 4.2% and 5.0% in 2011 and 2012 respectively. Per capita consumption of yoghurt also increased in 2010.
• There has been a move to smaller pack sizes with the convenience of the multipack, and this trend is ongoing with half of the product volume now in packaging of 100g or less, most of these available as multipacks.
• The positioning of yoghurt as natural prebiotics and probiotics that are beneficial for the maintenance of natural flora while on antibiotics has proved beneficial and is aided by the continued trend towards healthier eating choices. Yoghurt becomes a better choice as it provides products with reduced fat, fat free, reduced sucrose and sucrose free formats and contains little, if any, trans-fats.
Read more about trends within the yoghurt category in the Annual Market Quantification (September 2011) presented by BMI. Click here for more information on BMI Research
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.
Food issues to threaten US-EU free trade deal
18/12/2013 - 10:16
Genetically modified crops, chlorine-washed chicken, beef quotas and a fight over who can call Greek-style cheese “feta” all block the way towards the largest free trade deal.
Zambeef share price in marginal drop
10/07/2013 - 08:55
Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said.
France's Danone acquires 8.3% stake in Chinese dairy company
29/05/2013 - 09:28
The world's leading yogurt maker Danone announced that it has agreed to acquire a 8.3% stake in the Chinese dairy company Mengniu, and it will establish a joint venture with Mengniu in China.
New CEO for Pick n Pay
03/10/2012 - 10:18
Johannesburg - Pick n Pay Stores [JSE:PIK] announced on Wednesday that after an extensive international search, it has appointed Richard Brasher, the former Tesco board member, as Pick n CEO effective from February 2013.
One of SA’s most popular national retail centre
28/09/2012 - 14:57
Norwood Mall’s new tenant mix, including anchor tenants Pick n Pay, Woolworths, Dis-Chem and, latest addition, Food Lover’s Market, has created one of the most commanding retail attractions for a centre of its size.