Convenience Food - Angola

Angola

Highlights

Revenue in the Convenience Food market amounts to US$1.23bn in 2024. The market is expected to grow annually by 11.81% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$32.60 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 380.90m kg by 2029. The Convenience Food market is expected to show a volume growth of 9.5% in 2025.0.
The average volume per person in the Convenience Food market is expected to amount to 8.0kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Convenience Food Market in Angola is experiencing subdued growth, influenced by factors such as low consumer awareness, limited access to digital technologies, and traditional food preferences. Ready-to-Eat Meals and Soups sub-markets have potential for growth, but face challenges such as high production costs and limited distribution channels. Efforts towards promoting digitalization and increasing health awareness could drive growth in the market.

Customer preferences: As urbanization continues to accelerate in Angola, convenience and time-saving have become top priorities for consumers. This has led to a growing demand for ready-to-eat and ready-to-cook convenience food options, such as pre-packaged meals and snacks. Additionally, the rising influence of Western culture has also contributed to the popularity of convenience foods, as consumers embrace the convenience and variety offered by these products. As a result, the convenience food market in Angola is expected to experience significant growth in the coming years.

Trends in the market: In Angola, the Convenience Food Market is experiencing a shift towards healthier and more convenient food options. With a growing health consciousness among consumers, there has been an increase in demand for organic and natural convenience food products. This trend is expected to continue, driven by factors such as rising disposable income and a busy lifestyle. Industry stakeholders are investing in research and development to meet this demand, with a focus on introducing innovative and nutritious convenience food options. This trend is also creating opportunities for partnerships and collaborations between convenience food companies and health and wellness brands, leading to a potential shift in the overall landscape of The Food market in Angola.

Local special circumstances: In Angola, the Convenience Food Market is heavily influenced by the country's geographical and cultural factors. Due to its tropical climate and rich agricultural resources, the market is dominated by locally-grown and produced food products. Additionally, the Angolan culture places a strong emphasis on communal dining and sharing meals, leading to a high demand for ready-to-eat and pre-packaged convenience food options. The government's push for food security and self-sufficiency has also driven the market, resulting in a growing number of locally-owned convenience food businesses.

Underlying macroeconomic factors: The Convenience Food Market in Angola is also influenced by macroeconomic factors such as consumer purchasing power, inflation rates, and government policies. As the country's economy continues to grow, the demand for convenience food products is expected to increase. Moreover, rising urbanization and a growing middle class population are driving the demand for convenient and ready-to-eat food options. However, high inflation rates and a volatile currency may pose challenges for market growth. The government's efforts to improve infrastructure and attract foreign investment can also positively impact the market. Additionally, the increasing health consciousness among consumers is creating a demand for healthier convenience food options, presenting opportunities for market players to innovate and cater to this trend.

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.