In recent years, Sub-Saharan Africa has emerged as one of the fastest-growing consumer markets in the world. As the world continues to evolve Sub-Saharan Africa has not been left behind in the adoption of new trends, particularly in the consumer space. Notable changes in consumer behaviour and preferences across the region has come to the attention of business owners and entrepreneurs as time heeds local purchasing patterns. With the growing urbanization of the region, consumers are seen to have more purchasing power as well as more dynamic purchasing behaviours.
Consumer Trends Shaping the Sub-Saharan Region of Africa
1.Demand for Convenience
As urbanization continues to accelerate across the region, consumers are looking for more convenient ways to shop and consume products. This has led to a rise in e-commerce, as well as the development of modern retail channels such as supermarkets and shopping malls. Urban consumers tend to have higher incomes and different consumption patterns than their rural counterparts which is taking shape in the increased demand for luxury goods. Urbanisation leads to busier and more educated consumers, who have need for convenience to make the mundane tasks of life more accessible. This leads to an increased need for convenience goods such as:
- Convenience Foods: Ready-made meals which are pre packaged and easy to reheat at their discretion. Online food delivery services also find success from this demand as they are able to bring consumers ready cooked meals to their door as they order, bringing mobility to restaurant grade foods.
- Convenient Transport: Mobile applications such as Uber and Bolt help locals to access transport and rides at their fingertips. By hailing a cab through electronic means, mobility of consumers is made easily available.
- Convenient Payments: The high level of mobile penetration in the region has led to a surge in mobile payments. Platforms such as M-Pesa in Kenya and MTN Mobile Money in Ghana have made it easier for consumers to make transactions and access financial services.
2. Health and Wellness
As consumers become more health-conscious, there is a growing demand for healthier food and beverage options. This trend is particularly evident in urban areas, where consumers are exposed to a wider range of health and wellness products. From organic produce to functional foods and beverages, consumers are increasingly seeking out products that promote a healthy lifestyle. This health view has not only boosted the food industry, but has also brought about an interest in fitness and preventative healthcare. Therefore, fitness equipment, gyms, supplements and vitamin producers have all been positively influenced by recent consumer trends in Sub-Saharan Africa.
3. Sustainability
Environmental sustainability is becoming an increasingly important issue for consumers across the globe, and Sub-Saharan Africa is no exception. As consumers become more aware of the impact of their purchasing decisions on the environment, they are demanding more sustainable products and packaging. Consumer trends therefore require products that are made from environmentally friendly materials, as well as packaging that is recyclable, reusable or biodegradable.
4. Digitalisation
The rise of digitalisation is transforming the way consumers shop and interact with brands. Social media platforms such as Facebook and Instagram are becoming increasingly popular among consumers in Sub-Saharan Africa, providing businesses with a powerful tool to engage with their customers through online platforms. Digitalization is also driving the growth of e-commerce, as consumers become more comfortable with online shopping.
5. Localism
Finally, there is a consumer trends are reporting a growing trend towards supporting local businesses and products. Consumers in Sub-Saharan Africa are increasingly proud of their heritage and are looking for products that reflect their cultural identity and traditions. This is particularly true in the food and beverage sector, where there is a growing demand for authentic local products and flavours as well as locally grown and sourced crops and raw foods.
Many of the above-mentioned factors have taken affect globally and are all playing their role in reducing the size of the world, and definitely the trade that happens over oceans. With a more fast paced, health focused, digital savvy population based in Sub-Saharan Africa, more skilled and digitally inclined entrepreneurs and business owners are formed. This new mindset to global trade could bring with it incredible benefits and never before seen opportunity. Overall, these consumer trends are shaping the Sub-Saharan African market in new and exciting ways. As businesses seek to tap into this dynamic market, it is vital for them to stay up to date with the latest consumer trends and preferences to stay competitive.
InterGest South Africa operates in the Sub-Saharan region of Africa and has come to grips with the growing market and consumer needs. With 20 years of experience behind us, our experts offer indispensable knowledge into market entry, employer of record services, accounting and payroll services. Our approach to business is one which is as dynamic as the market that we find ourselves in. Therefore we aim to grow with our clients and offer precise and unique advice and assistance to make the venture as simple a process as possible.
Contact us today for more! Visit our website for more information.