The demand for alcoholic beverages in Angola has shown variability over the past decade. From 2014 to 2019, the annual growth rate fluctuated, with significant declines in 2016 and 2020. Notably, the market experienced pronounced declines in 2020 (-16.63%) but saw a strong rebound in 2021 (21.07%). From 2022 to 2023, the sector stabilized with a 0.44% yearly increase, reaching 2.06 million metric tons in 2023. The 5-year CAGR leading up to 2023 was modest at 0.22%.

Looking ahead, the forecast from 2024 to 2028 suggests a steady but slow increase in demand, with a 5-year CAGR of 0.36% and an overall growth of 1.79%. This implies cautious optimism for sector growth while highlighting the need for adaptability to potential market shifts.

Future trends to watch for:

Economic recovery and consumer purchasing power, which directly impacts disposable income and spending on non-essential goods like alcohol.
Regulatory changes in the alcoholic beverage market could either restrict or stimulate growth.
Shifts in consumer preferences, with rising interest in premium and alternative alcoholic products.