Angola Food and Drink Report Q2 2014

Angola Food and Drink Report Q2 2014

Published: February 2014
Publisher: BMI Research
Product ref: 194775
Pages: 49
Format: PDF
Delivery: Immediate download

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BMI View: BMI views Angola as one the most promising economies in Sub-Saharan Africa over the next decade (see 'African Lions: Top Ten Growth Markets', Dec 2). Angola's GDP is forecast to increase (y-o-y) by an average of 6.5% to 2023. Despite vast inequality in wealth distribution, rapid economic expansion will raise income across the board thus boosting consumption levels in the food and drink industry. Although foreign investors are restricted to large developments and available land is limited (especially when situated close to urbanised areas), an underdeveloped retail sector provides many opportunities.

Key Forecasts ¦ Per capita food consumption (local currency) growth (y-o-y) in 2014: +14.0%; compound annual growth rate (CAGR) to 2018: +13.1%. ¦ Beer production volume (litres) growth (y-o-y) in 2014: +8.8%; CAGR to 2018: +8.9%.

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By sector: General drinks

By market: Angola (in Africa)

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