The Kenyan wine market size volume has been relatively stable over the past decade, standing at 8.0 thousand metric tons in 2023. Notable fluctuations include a 14.29% rise in 2016 and a 12.5% decline in 2017. The market saw another 14.29% rise in 2018, followed by smaller variations. The 5-year CAGR from 2019 to 2023 is notably stable, averaging around 0%, indicating minimal growth over this period.
Future Trends to Watch For:
- Forecasts suggest a slight upward trend, with a 5-year CAGR of 0.49%, reaching approximately 8.3 thousand metric tons by 2028.
- Influences on future growth might include increased disposable income, changing consumer preferences, and potential regulatory changes in the alcohol market.