The sweeteners market volume in Angola stood at 657.0 thousand metric tons in 2023. Examining the period from 2014 to the present, the market has shown fluctuations, with significant drops in some years, such as 2020 with a -16.61% year-on-year decrease. However, a considerable recovery occurred in 2021 with a 21.23% increase. The 2023 year-on-year growth is a modest 0.61%. The five-year CAGR from 2019 to 2024 is calculated at 0.91%, indicating a relatively stable market with slight growth.
Future trends to watch for include:
- Technological advancements in sweetener production.
- Government policies impacting import and production regulations.
- Consumer preferences shifting towards healthier and natural sweetener options.
The forecasted 5-year CAGR from 2023 to 2028 is 0.42%, suggesting continued gradual growth in the market.
