Food Retail Industry Witnessing Moderate Growth in South Africa

Rising consumer spending and increasing trend of packed and processed food is expected to propel the growth of Food Retail Industry at a CAGR of around 6% from 2011-2014, says RNCOS.

NOIDA, India (prHWY.com) November 29, 2011 - According to a research report by RNCOS "South African Retail Industry Forecast to 2013", the South Africa retail industry is viewed as one of the largest retail industry in the Sub-Saharan region presenting profitable investment opportunities for new players. Surging middle class and rising economy are leading to the rolling demand of food retail products in the country. We anticipate that the South African food retail market will grow at a CAGR of around 6% during 2011-2014.

The report infers that South Africa's food and beverages segment is closely linked with the agriculture sector. It is one of the most growth-oriented segments of the South African retail market. Majority of retailers are food retailers including supermarkets, hypermarkets, convenience store, discount stores, independent grocers, and food specialists.

Further, online retailing has demonstrated a stupendous growth over the past few years. Online retailing offers convenience, lower prices, and wider selection; though it is particularly popular among South African's young and tech-savvy generation. The rise of online retailing has brought tremendous opportunities as well as challenges to retail and commercial businesses in South Africa.

Our report, "South African Retail Industry Forecast to 2013", has been authored to evaluate the growth potentials of the South African retail industry. It is an outcome of extensive research and conceptual analysis of the industry and provides information on all prominent segments of the industry. Further, our report also talks about the various aspects of the retail industry, such as industry performance, future prospects, growth opportunities, etc. Additionally, the report sheds light on the emerging industry trends, which are expected to decide the future of the region's retail sector.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM275.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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