South Africa: Food Service - Hotel Restaurant Institutional
Link to report:
The hotel, restaurant, and institutional (HRI) sector in South Africa is gradually beginning to recover from the COVID-19 pandemic, but challenges remain due to frequent power outages, known as load shedding, and rampant food price inflation. In 2022, the South African food service industry brought in US$4.3 billion, an increase of over 20 percent from the previous year. Post contacts note a growing trend towards convenience foods, fast service restaurants, and takeaways. Also evident in the sector is the move towards providing healthier choices. The South African fast-food industry is highly developed and dominated by companies with many domestic and international outlets, supported by well-established and competitive franchising models and a well-developed network of industry associations. Post sees numerous market opportunities for American exports to the South African HRI sector.
