Dublin, September 19, 2022 (GLOBE NEWSWIRE) – The “Wholesale and Retail Foodstuffs in Zambia 2022” Report added to ResearchAndMarkets.com Show.
Wholesale and retail food sales in Zambia
The formal food sector in Zambia is dominated by large foreign-owned retail chains, but an estimated 70% of households buy their food at kiosks, shops, informal stalls, street vendors and markets. Nearly 80% of informal workers are engaged in agriculture and related activities. Rapid urbanization and increasing population support further growth and expansion opportunities. The development of supermarket chains in Zambia has improved the availability of products and services and provided more choices to Zambian consumers at competitive prices. However, there are many challenges including Zambia’s vulnerability to drought, high inflation, high poverty levels and a volatile exchange rate.
Imported and domestic products
Processed foods sold in supermarkets are largely imported due to the limited selection of products offered by the backward local agriculture and food processing sectors. The most imported products are fish, frozen foods, fruits and vegetables through South African owned food chains. There is a growing drive to source products locally and major retailers are sourcing from and developing local suppliers.
The high rate of population growth in Zambia will lead to a high demand for food. The growth of the retail food industry is being driven by the opening of new stores, acquisitions, e-commerce, and the expansion of distribution channels. The industry is also experiencing increased competition among food retailers. Most companies focus on improving economies of scale, enhancing operational efficiency and revenue diversification through e-commerce channels, and providing affordable products. Serving small towns with cheaper brand stores offers an investment opportunity for big South African retailers with low cost brands.
This report focuses on the wholesale and retail food trade in Zambia and includes information on the formal and informal sectors, trade, corporate and development actions, government subsidies and regulations, key trends and influencing factors. There are profiles of 12 companies including South African companies located in Zambia such as Shoprite, Pick n Pay, Massmart and Choppies in Botswana and local companies such as Zambeef.
Main topics covered:
2. Country information
2. Industry description
6. Influencing factors
7. Competitive environment
8. SWOT Analysis
9. A look forward
10. Industry Associations
- Choppies Distribution Center Kenya Ltd
- Choppies Enterprises Kenya Ltd
- Choppies Supermarket Mozambique Lda. Chubbies Mozambique supermarket Lda
- Chuppies Supermarket Co., Ltd.
- Chuppies Supermarket Tanzania Ltd
- Food Lovers Holdings (Pty) Ltd.
- LBB Foods (Pty) Ltd
- masmart local treasury management company (pty) ltd
- Massmart Holdings Ltd
- Melissa Supermarket Ltd.
- Nanavak Investment (Private) Limited
- Nestral Systems (Private) Limited
- NowNow Foods (Pty) Ltd
- OMG Group Holdings Ltd
- Pick n Pay Stores Ltd
- Promasidor (Zambia) Limited
- Red Barron Agricultural Company (Pty) Ltd.
- Seapride Foods Zambia Ltd
- Shoprite DTMC (Pty) Ltd
- Shoprite Holdings Ltd
- Spar Zambia Limited
- Woolworths (Lesotho) (Pty) Ltd
- Woolworths (Pty) Ltd
- Zambif Products PLC
- Zulzi OnDemand (Pty) Ltd
For more information about this report visit https://www.researchandmarkets.com/r/ehb71
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