The production of fermented beverages in Angola has experienced variable growth rates over the past decade. From 2014 to 2023, production increased from 598.0 to 785.0 thousand metric tons, marking significant fluctuations in annual growth rates. The most notable peak occurred in 2018 with an 8.88% year-on-year increase, followed by a slight decline in 2019 and 2020. Recovery was evident with a 6.8% increase in 2021, but the rate of growth has since slowed, reaching just 1.42% in 2023. The last five years' CAGR has been 0.97%, indicating a modest annual growth rate in this period.
Forecasts from 2024 to 2028 predict a steady growth in production, peaking at 841.4 thousand metric tons, with an estimated 5-year CAGR of 1.1% and an overall 5.6% growth rate. This suggests a stable but slow expansion of the market.
Future Trends to Watch For:
- Potential market consolidation or expansion driven by local and international investments.
- Impact of technological advancements in fermentation processes on production efficiency.
- Changes in consumer preferences and their effect on the demand for fermented beverages.
- Regulatory and environmental factors influencing production and distribution.
