Report Coverage
This report on the spice industry, including seasonings, condiments and sauces, contains information on the state of the industry, trade, significant influencing factors, notable players and developments. There are profiles of 36 companies including major players such as Tiger Brands, RCL Foods, Pioneer Foods and Libstar, and other notable players such as Ina Paarman’s Kitchen, Spice Mecca, Exotic Spices, Peppadew International, Osman’s Spice Works, Ukuva iAfrica Foods and Spice Emporium.
Introduction
• About 90% of South Africa’s spices are imported, mainly from India, China, Pakistan, Turkey, and Nigeria. \r\n
• Demand for spices and seasonings increased during the pandemic as sales of some spices linked to health benefits, such as ginger, turmeric, and garlic, increased. \r\n
• Spices are used extensively in the food industry, and demand is increasing globally due to the increasing preference for more flavourful and healthy foods. \r\n
• In the seasonings, dressings, and sauces segment, private labels are growing faster than brands, mainly due to financially-constrained consumers trading down.
Strengths
• Demand for products is ongoing.
• Low barriers for small businesses to enter.
• Support from major retailers.
• The spice and condiment industry is growing.
• Well established role players including growers, processors, importers and exporters.
Weaknesses
• Lack of disposable income affects spending.
• Shortage of skills.
• The industry is exposed to external macroeconomic factors.
Opportunities
• Demand for spices as more consumers cook at home.
• Growth in export markets.
• Private label brand growth.
• Spice farming offers export opportunities.
Threats
• Increasing costs due to loadshedding, especially for small producers.
• Rampant power outages.
• Rising cost of utilities.
• Russia-Ukraine war’s impact on fuel price and global supply chain.
Outlook
• Although the outlook for the spice and condiment sector remains positive, economic pressures, the electricity crisis and escalating operating costs will continue to exert pressure on profit margins of manufacturers and retailers. \r\n
• An industry player expected food prices to continue to rise as input costs of fertiliser and fuel increase due to Russia’s invasion of Ukraine. \r\n
• These and factors such as port challenges will keep up significant pressure on manufacturers, and any further increases in raw materials, or imported ingredients or products are likely to be passed on to the consumer. \r\n
• More frequent cooking at home will increase demand for affordable cooking ingredients and result in intensified competition between brands and private label. \r\n
• Tiger Brands said the outlook is challenging and required focus on cost reduction, value engineering, brand and product tiering and efficient supply chain management.
Manufacture of Spices in South Africa
2023
Full Report
R 9 500.00(ZAR) estimated $538.72 (USD)*
Industry Landscape
R 6 650.00(ZAR) estimated $ 377.10 (USD)*
Historical Reports
Manufacture of Spices in South Africa 2018-03-08
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartManufacture of Spices in South Africa 2015-11-23
R 1 900.00(ZAR) estimated $107.74 (USD)*
View Report Add to CartTable of Contents
[ Close ]| PAGE | ||
|---|---|---|
| 1. | INTRODUCTION | 1 |
| 2. | DESCRIPTION OF THE INDUSTRY | 1 |
| 2.1. | Industry Value Chain | 3 |
| 2.2. | Geographic Position | 4 |
| 2.3. | Size of the Industry | 5 |
| 3. | LOCAL | 6 |
| 3.1. | State of the Industry | 6 |
| 3.2. | Key Trends | 8 |
| 3.3. | Key Issues | 8 |
| 3.4. | Notable Players | 9 |
| 3.5. | Trade | 11 |
| 3.6. | Corporate Actions | 14 |
| 3.7. | Regulations | 14 |
| 3.8. | Enterprise Development and Social Development | 14 |
| 4. | AFRICA | 16 |
| 5. | INTERNATIONAL | 17 |
| 6. | INFLUENCING FACTORS | 20 |
| 6.1. | Loadshedding | 20 |
| 6.2. | Economic Environment | 20 |
| 6.3. | Input Costs | 21 |
| 6.4. | Fraud, Substitution/Adulteration | 22 |
| 6.5. | Labour | 23 |
| 6.6. | Environmental Issues | 24 |
| 6.7. | Technology, R&D, Innovation | 24 |
| 7. | COMPETITIVE ENVIRONMENT | 25 |
| 7.1. | Competition | 25 |
| 7.2. | Ownership Structure of the Industry | 25 |
| 7.3. | Barriers to Entry | 26 |
| 8. | SWOT ANALYSIS | 26 |
| 9. | OUTLOOK | 27 |
| 10. | INDUSTRY ASSOCIATIONS | 27 |
| 11. | REFERENCES | 28 |
| 11.1. | Publications | 28 |
| 11.2. | Websites | 28 |
| APPENDIX 1 | 30 | |
| Summary of Notable Players | 30 | |
| COMPANY PROFILES | 34 | |
| Afoodable (Pty) Ltd | 34 | |
| Africa Spice (Pty) Ltd | 36 | |
| Amina\'s Wonder Spice Trust | 37 | |
| Cape Hot House Vegetables CC | 39 | |
| Chohans Spice (Pty) Ltd | 41 | |
| Cranbrook Flavours (Pty) Ltd | 43 | |
| Creative Flavors International (Pty) Ltd | 45 | |
| Crown Food Group (Pty) Ltd | 47 | |
| Deli-Spices (Pty) Ltd | 50 | |
| E Akhalwaya and Sons CC | 52 | |
| Exim International (Pty) Ltd | 53 | |
| Exotic Spices CC | 55 | |
| Fortified Foods Marketing (Pty) Ltd | 57 | |
| Freddy Hirsch Group (Pty) Ltd | 59 | |
| Givaudan South Africa (Pty) Ltd | 61 | |
| Golden Spices CC | 63 | |
| Imana Foods (SA) (Pty) Ltd | 64 | |
| Ina Paarman\'s Kitchen (Pty) Ltd | 66 | |
| Lesedi Food Enterprises (Pty) Ltd | 68 | |
| Libstar Operations (Pty) Ltd | 70 | |
| McCormick South Africa (Pty) Ltd | 76 | |
| Natpro Spicenet (Pty) Ltd | 78 | |
| Nutritional Foods (Pty) Ltd | 80 | |
| Osman\'s Spice Works CC | 82 | |
| Peppadew International (Pty) Ltd | 84 | |
| Petrow Consumer Brands (Pty) Ltd (The) | 86 | |
| Petrow Food Ingredients (Pty) Ltd | 88 | |
| Pioneer Voedsel (Pty) Ltd | 90 | |
| RCL Foods Ltd | 95 | |
| Road To Exotic Taste CC (The) | 100 | |
| South Spice International (Pty) Ltd | 102 | |
| Spice Emporium (Pty) Ltd | 104 | |
| Spice Mecca (Pty) Ltd | 106 | |
| Tiger Brands Ltd | 108 | |
| Ukuva iAfrica Foods CC | 113 | |
| Unilever South Africa (Pty) Ltd | 114 |
