Pro
Healthcare & Pharma
Africa Corporate Wellness Market, by End User, 2018-2027
| Label | USD Million |
|---|---|
| 2018 | 0.4038835704898658 USD Million |
| 2019 | 0.611833588426528 USD Million |
| 2020 | 0.9896852009641024 USD Million |
| 2021 | 1.3262166382813865 USD Million |
| 2022 | 1.4133938632768022 USD Million |
| 2023 | 1.4794865325416142 USD Million |
| 2024 | 1.5649005140762282 USD Million |
| 2025 | 1.650754778568492 USD Million |
| 2026 | 1.7364149007610323 USD Million |
| 2027 | 1.8211589231790393 USD Million |
| 2028 | 1.9055447596841204 USD Million |
| 2029 | 1.9874003097309811 USD Million |
| 2030 | 2.065695942518881 USD Million |
| 2031 | 2.1392860233922426 USD Million |
| 2032 | 2.446679094338383 USD Million |
Data Source: Wantstats Repository
Market Dynamics
South Africa possesses the largest and most competitive beverage market in sub-Saharan Africa. As of 2021, the sector is estimated to generate annual sales of nearly US$20 billion. Over the past decade, the South African beverage industry has seen a steady growth, owing to the country's rapidly developing consumer markets and rising demand from the tourists, making it a highly attractive destination for investments.The current outlook for the South African beverage market is positive, with a healthy growth in sales seen across all key beverage categories in 2021. This includes a 3.2% increase in beer consumption, an 8.9% increase in wine consumption, a 5% increase in cider sales, and a 9.7% increase in soft drink sales. On the back of this, a number of major producers have made significant investments in the South African beverage industry over the past few years.On the supply side, technological advancements have enabled companies to increase efficiency and improve their sustainability.
This has resulted in most brewers transitioning from traditional practices to more sustainable production processes, such as expanding production facilities, making investments in alternative technology and developing new products with a smaller carbon footprint.The consumption of local and imported craft beers has also seen a rapid rise over the past five years. This increased demand for more unique offerings has also helped to spur on innovation, leading to the emergence of new beer styles and flavours. Moreover, Craft breweries have seen investments from major producers, with some notable examples being Anheuser-Busch InBev, Castle Brewing and The Wine Caps Group.Looking ahead to the next decade, the South African beverage market is poised to continue its growth trajectory, with rising demand for premium and craft beer driving the sector's expansion. Moreover, technological advancements and increasing global competition will lead to further innovative offerings. As such, we expect to see a continuing trend of beer consumption growth in South Africa and an improved quality of service and offerings across all beverage categories.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.