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|
|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 (%)|
|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%|
|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.
Africa Consumer & Industrial Products Leader
+27 11 806 5184
Africa Consumer & Industrial Products Chief of Staff