Bread - Angola | Statista Market Forecast

Bread - Angola

Angola

Highlights

Revenue in the Bread market amounts to US$1.12bn in 2024. The market is expected to grow annually by 12.00% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$80bn in 2024).
In relation to total population figures, per person revenues of US$29.66 are generated in 2024.
In the Bread market, volume is expected to amount to 672.30m kg by 2029. The Bread market is expected to show a volume growth of 11.0% in 2025.0.
The average volume per person in the Bread market is expected to amount to 14.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Bread market in Angola is seeing slow growth due to factors such as limited consumer awareness and low disposable income. Despite this, the market is expected to grow, driven by increasing demand for convenient and affordable food options.

Customer preferences: Consumers in Angola are increasingly seeking affordable and convenient options for their bread consumption, leading to a rise in demand for packaged bread products. This trend is driven by the busy lifestyles of urban consumers and the growing influence of Western eating habits. Additionally, there is a growing preference for healthier bread options, such as whole grain and gluten-free bread, as well as traditional African breads like cassava and maize flour bread. This shift towards healthier options is influenced by the rising awareness of the impact of diet on overall health and wellness.

Trends in the market: In Angola, there is a noticeable increase in the demand for gluten-free and organic bread products, as consumers become more health-conscious and seek out healthier options. There is also a growing trend of local bakeries incorporating traditional African grains like sorghum and millet into their bread recipes. These trends highlight the rising interest in alternative and sustainable bread options, presenting potential opportunities for industry stakeholders to capitalize on the changing preferences of consumers. With the rise of e-commerce and online grocery shopping in Angola, it is expected that the bread market will also see a shift towards online sales and delivery services. This will provide convenience and accessibility for consumers, while also opening up new distribution channels for bread manufacturers. Overall, the trajectory of these trends suggests a promising outlook for the bread market in Angola, with a potential for growth and innovation in the industry.

Local special circumstances: In Angola, the Bread Market is heavily influenced by the country's geographical location as a major producer of wheat. This has led to a strong focus on locally produced bread, with a preference for traditional varieties that have been a staple in Angolan cuisine for centuries. Additionally, cultural factors such as the importance of communal meals and bread's role as a symbol of hospitality also contribute to the market's dynamics. Furthermore, regulatory policies promoting the use of locally sourced ingredients and supporting small-scale bakeries have further shaped the Bread Market in Angola. These unique factors have created a distinct market with its own set of challenges and opportunities for businesses operating in the Bread & Cereal Products Market within The Food market.

Underlying macroeconomic factors: The Bread Market of the Bread & Cereal Products Market within The Food market in Angola is heavily influenced by various macroeconomic factors. The country's economic health, global economic trends, fiscal policies, and other financial indicators greatly impact the performance of this market. For instance, the recent increase in disposable income and consumer spending has led to a rise in demand for bread and cereal products. Additionally, the government's efforts to improve food security and reduce import dependency have also positively contributed to the growth of the bread market. However, the market is also affected by factors such as inflation, currency fluctuations, and trade policies, which can impact the cost of production and ultimately affect market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

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, and consumer price 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 Food 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. The market is updated twice a year.