The fermented beverages market in Angola exhibited fluctuations over the past decade. Volume grew from 545 thousand metric tons in 2014 to 717 thousand metric tons in 2023. The market saw notable increases in 2015 (6.79%) and 2018 (11.18%). However, there were declines in 2019 (-1.6%) and 2020 (-15.65%), with a significant recovery in 2021 (22.24%). The year-on-year growth rate for 2023 stood at 1.41%, with a five-year CAGR of 0.89%.
Looking forward, the market is forecasted to reach 769.43 thousand metric tons by 2028, growing at a 1.11% CAGR. Key future trends to watch include consumer preferences for health-oriented beverages, innovations in fermentation technology, and the impact of economic conditions on discretionary spending.
