Cider, Perry & Rice Wine - Angola

The Cider, Perry & Rice Wine market in Angola has been experiencing significant growth in recent years. Customer preferences in the Cider, Perry & Rice Wine market in Angola have been influenced by a variety of factors. One of the main factors is the increasing popularity of cider and perry as alternative alcoholic beverages. Consumers are becoming more health-conscious and are seeking out lower-alcohol options, and cider and perry fit the bill. Additionally, the unique flavors and refreshing qualities of these beverages are appealing to a wide range of consumers. Trends in the market have also contributed to its growth. In Angola, there has been a growing trend towards premiumization in the alcoholic beverage industry. Consumers are willing to pay more for higher-quality products, and this trend has extended to the Cider, Perry & Rice Wine market. Producers are responding to this demand by introducing premium and craft offerings, which has further fueled the market's growth. Local special circumstances in Angola have also played a role in the development of the Cider, Perry & Rice Wine market. Angola has a rich agricultural tradition, and this has allowed for the production of high-quality ingredients for these beverages. Additionally, the country's growing middle class has increased purchasing power and disposable income, allowing consumers to explore new and different alcoholic beverages. Underlying macroeconomic factors have also contributed to the growth of the Cider, Perry & Rice Wine market in Angola. The country has experienced steady economic growth in recent years, which has led to an increase in consumer spending. Additionally, Angola has a young and growing population, which has created a larger consumer base for these beverages. In conclusion, the Cider, Perry & Rice Wine market in Angola is experiencing growth due to customer preferences for lower-alcohol and more flavorful beverages, as well as the trend towards premiumization in the alcoholic beverage industry. Local special circumstances, such as Angola's agricultural tradition and growing middle class, have also contributed to the market's development. Finally, underlying macroeconomic factors, including steady economic growth and a young population, have further propelled the market's growth.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.