According to the latest market study results, the milk market in South Africa stood at around USD 1,845 million in 2023 and is projected to rise to a worth of USD 2,911 million by 2029 end, thereby garnering a CAGR of 7.9% during 2024-2029. The South Africa milk market is driven by a combination of rising health awareness and increasing consumer demand for premium and value-added dairy products, such as organic, lactose-free, and fortified milk. As the middle class expands, there is a notable shift towards healthier dietary choices, aligning with global wellness trends. Additionally, the market benefits from advancements in dairy farming and processing technologies, which enhance the efficiency and quality of milk production. Government support for the dairy industry, including initiatives to improve food safety standards and promote local agriculture, further bolsters market growth. The expansion of modern retail channels, coupled with the rise of e-commerce, plays a critical role in broadening consumer access to a wide range of milk products across the country.
The report provides a comprehensive analysis of the South Africa milk industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product, and distribution channel. The insights gained from this evaluation help reveal the growth potential within the milk sector.
Market Segmentation
The segmentation of the milk market in South Africa is outlined below:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, others
The South Africa milk market is segmented on the basis of product, and distribution channel. By product, the milk market in South Africa has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Based upon distribution channel, the milk market in South Africa is categorized into convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others.
Competitive Landscape
The South Africa milk market is highly competitive. The report also includes the profiles of leading companies such as Woodlands Dairy (Pty) Ltd, Nestle S.A., Milco SA (Pty) Ltd, Lactalis South Africa (Pty) Ltd., Fair Cape (Pty) Ltd, Darling Romery (Pty) Ltd, Danone S.A.
The report offers a comprehensive review of the South Africa milk market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.
Why Buy This Report?
Obtain precise statistical data and forecasts for the South Africa milk market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the South Africa milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the South Africa milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSouth Africa milk market – product analysis
South Africa milk market – distribution channel analysis
Key players and market share
– Woodlands Dairy (Pty) Ltd
– Nestle S.A.
– Milco SA (Pty) Ltd
– Lactalis South Africa (Pty) Ltd.
– Fair Cape (Pty) Ltd
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table South Africa milk market 2019-2029
Chart South Africa milk market, net growth, 2019-2029
Chart South Africa milk market, growth rates, 2019-2029
Table South Africa milk market by product, 2019-2029
Chart South Africa milk market by product, CAGR historic and forecast, 2019-2029
Chart South Africa milk market by product, 2019-2029
Table South Africa milk market by distribution channel, 2019-2029
Chart South Africa milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart South Africa milk market by distribution channel, 2019-2029
Table South Africa milk market share (%), by companies, 2019-2023
Chart South Africa milk market, by companies, 2023
Table South Africa milk market share (%), by brands, 2019-2023
Chart South Africa milk market, by brands, 2023
Table South Africa – population (millions) and forecast
Table South Africa – consumer price index (CPI) and forecast
Table South Africa – gross domestic product and forecast
Table South Africa milk market: spend as a proportion of GDP (%)
Table South Africa milk market: consumption per capita (population)