Slow growth for baked goods market - BMiWith its established experience in the retail and wholesale sectors, providing a unique and customised solution to understanding consumer behaviour, BMi has produced a new report as part of its 2012 Food Feedback series - Baked Foods in South Africa. Image: FreeDigitalPhotos.net Market definitionsThe baked foods industry is divided into four categories.
Market trendsOverall, the baked products market showed only limited growth during 2011 and looking further back, this market has been fairly stable. During the base year, there were raw material price increases that pushed the overall cost of product through to retail. This implied relatively high unit prices compared with previous years. Many producers cited this as the main reason for the slow growth in 2011.
Baked Products Total Market Volume - 2011Channel Distribution of Baked Products - 2011Note: Industrial and export volumes are too low, to accurately represent. These channels have been absorbed into wholesale for this report. Regional Distribution of Baked Products - 2011Note: Excludes Exports BMI Research: Consumer Division has the ability to draw on company's established experience in the retail and wholesale sectors, providing a unique and customized solution to understanding consumer behaviour. For more information, go to www.bmi.co.za. |