The beer market volume in Africa has demonstrated a modest upward trend since 2014, achieving a year-on-year increase of 0.07% to reach 12.95 million metric tons in 2023. Despite fluctuations, such as a significant drop in 2020 by -4.93% likely due to the COVID-19 pandemic, the market has generally recovered and stabilized. The 5-year CAGR from 2019 to 2023 stands at 0.21%. Looking forward, the market is expected to grow at a slow yet steady pace, with a forecast 5-year CAGR of 0.06% and a total growth rate of 0.28% by 2028.
Future trends to watch for include:
- Increasing disposable incomes across parts of Africa.
- Expansion of craft breweries and premium beer segments.
- Potential regulatory changes impacting production and distribution.
- Shifting consumer preferences towards non-alcoholic or low-alcohol beer options.