Milk - Angola | Statista Market Forecast

Milk - Angola

Angola

Highlights

Revenue in the Milk market amounts to US$370.60m in 2024. The market is expected to grow annually by 8.61% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$9.80 are generated in 2024.
In the Milk market, volume is expected to amount to 621.50m kg by 2029. The Milk market is expected to show a volume growth of 5.5% in 2025.0.
The average volume per person in the Milk market is expected to amount to 11.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk market in Angola has seen minimal growth due to various factors such as low consumer awareness, limited access to digital technologies, and lack of convenience in online services. Despite these challenges, there is potential for growth in the future.

Customer preferences: As consumer awareness of health and wellness continues to grow, there has been an increased demand for organic and natural dairy products in the Milk Market of the Dairy Products & Eggs Market within The Food market. This trend is driven by a shift towards healthier and more sustainable options, with consumers becoming more conscious of the negative impact of conventional dairy farming on the environment. Additionally, there has been a rise in demand for plant-based milk alternatives, such as almond and oat milk, as individuals adopt a more plant-focused diet.

Trends in the market: In Angola, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for organic milk products. This trend is driven by consumer concerns for health and sustainability, with an increasing number of consumers seeking out ethically sourced and environmentally friendly options. Additionally, there is a growing trend of using online delivery services for milk products, providing convenient access to these products for customers. This trajectory is expected to continue, with potential implications for industry stakeholders including the need for investment in organic farming practices and e-commerce capabilities.

Local special circumstances: In Angola, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's climate and geography. With a tropical climate, Angola has a small but growing dairy industry, with the majority of milk production coming from small-scale farms. Additionally, the country's regulatory framework plays a significant role in shaping the milk market, with strict import regulations limiting competition from foreign dairy products. This has led to a reliance on domestic production and a unique market dynamic that differs from other countries in the region.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Angola is heavily influenced by macroeconomic factors such as national economic health, global economic trends, fiscal policies, and other relevant financial indicators. The country's economic growth and stability play a crucial role in determining the demand for dairy products and eggs. Favorable economic conditions that lead to increased disposable income and improved standards of living can drive the demand for these products. Additionally, government policies that promote the development of the dairy industry and investments in infrastructure can also impact market performance. On the other hand, economic downturns and unstable economic conditions can lead to a decrease in consumer spending and negatively affect the market. Therefore, it is essential to monitor and analyze macroeconomic factors to understand their impact on the Milk 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.