Cheese - Angola | Statista Market Forecast

Cheese - Angola

Angola

Highlights

Revenue in the Cheese market amounts to US$195.10m in 2024. The market is expected to grow annually by 15.19% (CAGR 2024-2029).
In global comparison, most revenue is generated United States (US$32bn in 2024).
In relation to total population figures, per person revenues of US$5.16 are generated in 2024.
In the Cheese market, volume is expected to amount to 50.87m kg by 2029. The Cheese market is expected to show a volume growth of 13.4% in 2025.0.
The average volume per person in the Cheese market is expected to amount to 0.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Cheese Market in Angola has been steadily growing, driven by factors such as increasing demand for dairy products, rising health consciousness among consumers, and the convenience of online shopping. This average growth rate is impacted by the increased availability of imported cheeses and the growing number of domestic cheese producers.

Customer preferences: As consumers in Angola become more health-conscious and adopt Western dietary habits, there is a growing demand for healthier and more natural cheese options. This trend is driven by an increasing awareness of the benefits of organic and artisanal cheeses, as well as a desire for non-dairy alternatives such as plant-based and lactose-free options. Additionally, the rise in disposable income among the younger population has led to a preference for premium and imported cheeses, indicating a growing sophistication in taste preferences.

Trends in the market: In Angola, the Cheese Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards healthier and more sustainable options. Consumers are increasingly opting for organic, plant-based, and locally sourced cheese products. This trend is driven by a growing awareness of the health and environmental benefits of such products. Industry stakeholders are responding by introducing new products and marketing strategies to cater to this demand. This shift towards healthier and sustainable options is expected to continue, presenting opportunities for growth and innovation in the market.

Local special circumstances: In Angola, the Cheese Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's limited production capabilities and high import costs. This has led to a reliance on imported cheese products, making the market highly competitive and price-sensitive. Additionally, the cultural preference for fresh, locally-made cheese has created opportunities for small-scale producers, but regulatory hurdles make it difficult for them to compete with larger, established companies. The country's evolving economy and growing middle class also play a role in shaping consumer preferences and driving market growth.

Underlying macroeconomic factors: The Cheese Market of the Dairy Products & Eggs Market within The Food market in Angola is impacted by various macroeconomic factors. One of the key drivers is the overall economic health of the country, which influences consumer spending and demand for dairy products. Additionally, global economic trends such as fluctuations in commodity prices and trade policies also play a role in shaping the market. Fiscal policies such as tariffs and taxes can also impact the cost of production and distribution of cheese in the market. Other relevant financial indicators such as inflation rate, currency exchange rates, and interest rates can also impact the profitability of cheese producers and influence market performance. Furthermore, the country's investment in agriculture and dairy infrastructure, as well as regulatory support for the dairy industry, can also influence the growth of the cheese 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.