The production of fermented beverages in Ghana has shown significant fluctuations from 2014 to 2023, standing at 339.0 thousand metric tons in 2023. The year-on-year variations reveal periods of decline and growth, with notable decreases in 2016 and 2019, contrasted by a significant increase in 2018. Over the past five years, the compound annual growth rate (CAGR) averaged -0.23%, indicating slight contraction in the industry despite recent upticks.
Forecast data from 2024 to 2028 project steady growth, with the production volume anticipated to reach 358.78 thousand metric tons by 2028. This period is expected to experience a notable CAGR of 0.9% and an overall growth rate of 4.57% over five years. This positive trend illustrates a recovering and expanding market.
Future trends to watch for include advancements in fermentation technology, emerging market opportunities, and potential impacts of regulatory changes. Sustainability practices and shifts in consumer preferences toward health-oriented beverages could also significantly influence production dynamics in the coming years.
