The rapidly expanding organic and natural products industry in South Africa presents significant growth opportunities for local entrepreneurs and businesses.
With South Africa’s organic food and beverage market – according to Standard Bank – projected to grow at 13.25% between the year 2024 and 2029, the sector represents a promising avenue for business development, job creation and export diversification.
“The organic and natural products industry is no longer just a niche market – it’s becoming a substantial economic driver with tremendous growth potential,” said Qaanitah Dollie, Head of Provincial Enterprise Banking at Standard Bank.
“We’re seeing local entrepreneurs successfully building businesses that not only respond to changing consumer preferences but also create sustainable supply chains that benefit entire communities. To ensure that we show up at key moments in the growth journey of businesses in this area, Standard Bank Business and Commercial Banking boasts human-led but digitally enabled Relationship Manager Capabilities, digital and digitised banking, a targeted suite of offerings for business, entrenching us as more than a bank,” she added.
She further mentioned that the natural and organic sector in South Africa is currently valued at approximately R1 billion annually and continues to expand as consumers increasingly prioritise health, sustainability, and locally produced goods. International export opportunities, particularly to the American and Chinese markets, further enhance the sector’s growth prospects.
“What makes this sector particularly exciting from a banking perspective is the diversity of business models emerging,” said Dollie. “From farm-to-table organic food producers to innovative natural cosmetics manufacturers, these businesses are creating new value chains while addressing growing consumer demand for products that are both environmentally and socially responsible.”
Compiled by Justine Fortuin
