The Food, Beverages, and Tobacco value-added in Kenya has shown variability over the past decade. The period from 2013 to 2023 saw an initial increase with significant growth in 2016, followed by relatively stable but slow growth from 2017 onwards, marked by slight declines in 2020 and 2021. As of 2023, the value stood at 54.4 units. The CAGR over the last five years was negative, at -0.78%, indicating a deceleration.
Year-on-year variation highlighted slight fluctuations: a minor increase in 2022 (0.19%) and a modest rise in 2023 (0.15%). Looking ahead, forecasted data suggests minimal growth, with the value expected to reach 54.62 units by 2028. The forecast 5-year CAGR of 0.06% indicates a marginal upward trend.
Future trends to watch for include:
- Potential impacts of global economic conditions on export demand.
- Technological advancements in food processing and packaging.
- Regulatory changes affecting production costs and market access.
- Shifts in consumer preferences and health trends.
