The distilled alcoholic beverages market in South Africa shows a decrease in volume per capita from 2024 to 2028. The volume per capita is projected to decline from 4.58 kg in 2024 to 4.26 kg in 2028. In 2023, the actual volume per capita was 4.66 kg, indicating a continuation of the decreasing trend.
Year-on-year variations exhibit a consistent decline:
- 2024: -1.72%
- 2025: -1.74%
- 2026: -1.78%
- 2027: -1.81%
- 2028: -1.84%
The Compounded Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is -1.76%.
Future trends to watch for include potential shifts in consumer preferences towards non-alcoholic alternatives, health consciousness impacting alcohol consumption, and regulatory changes that could affect the distilled alcoholic beverage market. Keeping an eye on economic factors and potential growth in premium and artisanal spirits could also be crucial.
