Forecast: Alcoholic Beverages Non-food Uses in Kenya

The demand for alcoholic beverages for non-food uses in Kenya has shown variable growth over recent years. From 2014 to 2023, values fluctuated significantly, with noticeable peaks and troughs. The standout years were 2016 and 2017, showing substantial growth of 35.29% and 43.48%, respectively, in year-on-year variations. More recently, growth has stabilized, with values reaching 32.0 thousand metric tons in 2023, reflecting a consistent increase marked by a 3.23% year-on-year variance and a 3.46% CAGR over the past five years.

The forecast for 2024 to 2028 suggests continued but moderate growth, with an expected CAGR of 1.18%, representing a 6.06% overall growth over this period. This suggests a more stable and predictable market environment in the forthcoming years.

Future trends to watch for include the impact of regulatory changes, innovations in non-food applications for alcoholic beverages, and demographic shifts influencing market demand. Assessing these factors will be crucial for stakeholders aiming to capitalize on the moderate but steady growth trajectory forecasted for the sector.