Consumer & Industrial Products

Africa’s top consumer product companies revealed

We undertook research to better understand the consumer products sector in Africa, and published the results in our inaugural African Powers of Consumer Products report. In the report we find out who the Top 50 listed Africa “born and bred” consumer product companies are (by revenue), look at their profitability, and explore sector developments and trends.

The Top 10 largest listed African consumer products companies

Revenue Rank FY15 Company name Country of listing Primary product sector FY15 Revenues (USDm)
1 Tiger Brands Ltd South Africa Food 2637.1
  2 RCL Foods Ltd South Africa Food 2069.3
3 Flour Mills of Nigeria Nigeria Food 1798.8
4 Distell Group Ltd South Africa Beverages 1730.2
5 Pioneer Food Group Ltd South Africa Food 1566.7
6 Nigerian Breweries Nigeria Beverages 1485.7
7 Tongaat Hulett Ltd South Africa Food 1224.6
8 AVI Ltd South Africa Food 993.1
9 Astral Foods Ltd South Africa Food 941.4
10 Illovo Sugar Ltd South Africa Food 875.9

64% of the Top 50 consumer product companies in Africa are based in South Africa, Egypt, Nigeria and Morocco. These companies also account for just above 80% of the Top 50 revenues.

Top 10 fastest growing, (FY11-FY15 CAGR)

Rank (revenue growth) Company Country of Origin FY15 Revenues (USD m) Revenue CAGR: 2011-2015 FY15 Profit margin (%)
USD Reporting currency
1 South Cairo & Giza Mills & Bakeries Egypt 153.0 40.10% 48.30% 0.90%
2 East Delta Flour Mills Egypt 300.0 31.50% 39.20% 1.90%
3 RCL Foods Ltd South Africa 2069.3 20.40% 35.80% 3.70%
4 UNIMER Morocco 159.0 29.50% 35.60% 10.40%
5 Middle & West Delta Flour Mills Egypt 516.5 24.40% 31.70% 2.20%
6 Illovo Sugar Malawi Ltd Malawi 183.3 -5.30% 28.70% 5.50%
7 Rhodes Food Group Holdings Ltd South Africa 252.6 12.10% 27.50% 5.60%
8 Société d’Articles Hygéniques Tunisia 164.8 10.40% 19.90% 8.20%
9 Edita Food Industries S.A.E. Egypt 288.8 10.90% 18.30% 15.50%
10 Juhayna Food Industries Egypt 549.2 9.80% 17.20% 6.60%

For the period under review, four out of the ten fastest-growing consumer product companies are listed on the Egyptian Exchange. The high representation of Egyptian companies among the fastest-growing companies is likely a result of the recovery of the country’s economy and the relative normalisation of the business environment following the Arab Spring.

For more details and insights on these, and other findings, download our African Powers of Consumer Products report.

You can also contact us to further discuss business in Africa – we have a presence in over 50 African countries, and can leverage our extensive networks across the continent, to better understanding the different market nuances and success factors.

André Dennis
Africa Consumer & Industrial Products Leader
adennis@deloitte.co.za
+27 11 806 5184

Dylan Piatti
Africa Consumer & Industrial Products Chief of Staff
dpiatti@deloitte.co.za
+27822676279

About the author

Deloitte South Africa

Deloitte is one of the country’s leading professional services firms in Southern Africa, and is dedicated to assisting companies succeed in the business environment- whether it be through our tax, audit, consulting or financial advisory services.

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