Rice - Angola | Statista Market Forecast

Revenue in the Rice market amounts to US$139.30m in 2024. The market is expected to grow annually by 12.85% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$150bn in 2024).
In relation to total population figures, per person revenues of US$3.68 are generated in 2024.
In the Rice market, volume is expected to amount to 140.20m kg by 2029. The Rice market is expected to show a volume growth of 11.7% in 2025.0.
The average volume per person in the Rice market is expected to amount to 2.8kg in 2024.

Definition:

Around the world, rice is a widely farmed and consumed staple food crop. It is a cereal grain that serves as a significant source of fiber, vitamins, and minerals. The Rice market covers several rice varieties, such as long-grain rice, medium-grain rice, short-grain rice, white rice, brown rice, and wild rice, as well as sticky rice and parboiled rice.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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White Rice
Brown Rice
Basmati Rice
Jasmine Rice
Arborio Rice
Parboiled Rice
Quick-Cooking Rice

Rice-based ready-to-eat meals
Puffed rice
Coucous
Bulgur
Rice noodles
Out-of-home consumption

The Rice Market in Angola has been steadily growing due to the rising demand for bread and cereal products in The Food market. Factors such as increasing population, changing dietary preferences, and government initiatives promoting agriculture have contributed to this average growth rate. The convenience and availability of online purchasing options have also played a role in driving this growth.

Customer preferences: As urbanization and modernization increase in Angola, there has been a growing demand for convenience and ready-to-eat food products, leading to a rise in consumption of packaged rice. This trend is also influenced by changing lifestyles and busy work schedules, where consumers are looking for quick and easy meal solutions. Additionally, there is a growing focus on health and wellness, leading to a shift towards healthier rice options such as brown and wild rice, as well as products that cater to specific dietary needs, such as gluten-free or organic rice.

Trends in the market: In Angola, the Rice Market of the Bread & Cereal Products Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is driven by increasing consumer awareness of the health benefits of whole grains and the environmental impact of traditional rice production methods. As a result, there is a growing demand for organic, non-GMO, and sustainably sourced rice products. This trend is expected to continue as consumers prioritize health and sustainability in their food choices. Industry stakeholders should focus on expanding their offerings to cater to this trend and invest in sustainable and ethical production practices to remain competitive in the market.

Local special circumstances: In Angola, the Rice Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's dependence on rice imports. This is due to limited local production and the high demand for rice as a staple food. Additionally, cultural preferences for specific rice varieties and regulatory barriers for imports also play a significant role. These factors contribute to a unique market landscape and dynamics, with a focus on supply chain management and price fluctuations.

Underlying macroeconomic factors: The Rice Market of the Bread & Cereal Products Market within The Food market in Angola is heavily influenced by macroeconomic factors such as government policies, international trade agreements, and global economic trends. With Angola being a major player in the global rice market, any changes in the country's economic health can have a significant impact on the rice market. Additionally, factors such as inflation, exchange rates, and consumer purchasing power can also affect the demand and supply for rice in Angola. Furthermore, investments in agricultural infrastructure and technological advancements can play a crucial role in the development and growth of the rice market in Angola.

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.