Ready-to-Eat Meals - Angola

Angola

Highlights

Revenue in the Ready-to-Eat Meals market amounts to US$1.07bn in 2024. The market is expected to grow annually by 11.93% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$149bn in 2024).
In relation to total population figures, per person revenues of US$28.44 are generated in 2024.
In the Ready-to-Eat Meals market, volume is expected to amount to 322.60m kg by 2029. The Ready-to-Eat Meals market is expected to show a volume growth of 10.3% in 2025.0.
The average volume per person in the Ready-to-Eat Meals market is expected to amount to 6.7kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

In Angola, the Ready-to-Eat Meals Market in the Convenience Food Market is experiencing subdued growth, impacted by factors such as limited consumer awareness, low disposable income, and inadequate infrastructure. Despite this, the market is expected to grow due to increasing urbanization and changing consumer preferences towards convenient, on-the-go meal options.

Customer preferences: As the convenience food market in Angola continues to grow, there has been a noticeable shift towards healthier and more diverse options in the Ready-to-Eat Meals segment. This can be attributed to the rising health consciousness among consumers, as well as the influence of global food trends. More people are opting for plant-based, gluten-free, and organic ready-to-eat meals, as well as those with lower sodium and sugar content. This trend is also fueled by the increasing number of young, urban professionals who value convenience without compromising on their health and dietary preferences.

Trends in the market: In Angola, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is experiencing a growing demand for healthier and more diverse options. This trend is driven by a rise in health consciousness among consumers, as well as an increase in disposable income. As a result, there is a growing market for plant-based, organic, and international cuisine ready-to-eat meals. This trend is expected to continue in the coming years, presenting opportunities for industry players to innovate and cater to changing consumer preferences. Additionally, the rise of e-commerce and online food delivery services in Angola is further fueling the growth of the Ready-to-Eat Meals Market, providing convenience and accessibility to consumers. As technology continues to advance and consumer behavior evolves, it will be crucial for industry stakeholders to stay updated and adapt to these trends to maintain a competitive edge in the market.

Local special circumstances: In Angola, the Ready-to-Eat Meals Market of the Convenience Food Market within The Food market is primarily driven by the growing urbanization and busy lifestyles of the population. The market is also influenced by the country's limited agricultural production, making it a challenge to access fresh and locally-sourced ingredients. Additionally, the government's strict regulations on food imports and limited infrastructure for cold chain distribution have further impacted the market dynamics. These factors have led to an increase in demand for affordable and convenient ready-to-eat meal options in Angola.

Underlying macroeconomic factors: The growth of the Ready-to-Eat Meals Market within the Convenience Food Market of The Food market is influenced by various macroeconomic factors. These include global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Countries with stable economies and favorable fiscal policies are likely to experience higher market growth compared to those with economic instability and unfavorable policies. Additionally, factors such as population growth, changing consumer preferences, and increasing disposable income also play a significant role in shaping the demand for ready-to-eat meals. Furthermore, the rising trend of urbanization and busy lifestyles is expected to boost the demand for convenient and quick meal options, further driving the growth of this market.

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.