The data series on the food and beverages value added in Kenya, expressed as a unit of total manufacturing, shows a general decline from 2013 to 2028. The historical data up to 2023 indicated fluctuations, with a peak value in 2017, followed by a continuous downward trend from 2018 onwards. By 2023, the value stood at 36.5.
Recent trend analysis from 2021 to 2023 shows year-on-year reductions of 0.63% and 0.51%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was -1.75%. The forecast from 2024 indicates a slight but consistent decline, with a forecasted five-year CAGR of -0.19% leading to a value of 36 by 2028.
Future trends to watch for include evolving consumer preferences, regulatory changes, technological advancements in food processing, and the impact of climate change on agricultural yields.
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