Fast food fuels growth in food and beverage sector
In May, income generated by the overall industry rose in real terms by 4.5% compared to the same month last year, with quick-service outlets contributing the bulk of the increase. Fast food and takeaway chains made the biggest impact on the sector's performance over both the monthly and three-month reporting periods.
Statistics South Africa's latest data shows that food and beverage businesses recorded an uptick of 4.3% in income for the three months to May, compared to the same period in 2024. Once again, fast food operators led the way, making the biggest contribution to the growth.
In May alone, takeaway and fast-food establishments were the single largest driver of the year-on-year increase in total income across the sector, outpacing restaurants, coffee shops, and catering services.
Research from Apollo Reports shows that the fast food and quick service restaurant market was valued at $2 billion, or R35.1bn, in 2022 with an expectation of it growing to R60bn by 2032. The overall food and beverage market is worth almost R7bn, Statistics South Africa's figures show.
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