Fruits & Nuts - Angola

Angola

Highlights

Revenue in the Fruits & Nuts market amounts to US$2.14bn in 2024. The market is expected to grow annually by 8.54% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$135bn in 2024).
In relation to total population figures, per person revenues of US$56.61 are generated in 2024.
In the Fruits & Nuts market, volume is expected to amount to 1.39bn kg by 2029. The Fruits & Nuts market is expected to show a volume growth of 2.3% in 2025.0.
The average volume per person in the Fruits & Nuts market is expected to amount to 34.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Fruits & Nuts Market in Angola is experiencing subdued growth, influenced by limited infrastructure, fluctuating supply chains, and varying consumer preferences. However, rising health consciousness and the demand for nutritious options present opportunities for gradual expansion.

Customer preferences: Consumers in Angola are increasingly prioritizing health and wellness, leading to a notable shift towards organic and locally sourced fruits and nuts. This trend is influenced by a growing middle class and heightened awareness of nutritional benefits, particularly among younger populations. Furthermore, traditional dietary practices are being blended with modern dietary trends, as more individuals seek convenient, ready-to-eat options that align with their busy lifestyles. This evolving preference presents opportunities for local producers to innovate and cater to health-conscious consumers.

Trends in the market: In Angola, the Fruits & Nuts Market is experiencing a significant shift towards organic and locally sourced products, driven by a health-conscious consumer base. There is a noticeable increase in demand for nutritious snacks, particularly among younger demographics who are integrating traditional diets with modern health trends. This evolution is prompting local producers to develop innovative, ready-to-eat options that cater to busy lifestyles. As awareness of nutritional benefits grows, industry stakeholders must adapt to these preferences, fostering sustainable practices and enhancing product offerings to capture the expanding market share.

Local special circumstances: In Angola, the Fruits & Nuts Market is influenced by the country's rich biodiversity and favorable climate, which supports a wide variety of indigenous fruits and nuts. Cultural preferences for traditional flavors are driving the demand for locally sourced products, as consumers seek to reconnect with their heritage while prioritizing health. Additionally, regulatory support for sustainable agriculture is encouraging local farmers to adopt organic practices. This unique blend of geographical advantages, cultural appreciation, and supportive policies is shaping a dynamic market focused on health and sustainability.

Underlying macroeconomic factors: The Fruits & Nuts Market in Angola is shaped by various macroeconomic factors, including national economic stability, inflation rates, and trade policies. As Angola seeks to diversify its economy beyond oil, investments in agriculture are increasing, creating opportunities for local farmers and enhancing food security. Favorable fiscal policies, such as subsidies for sustainable farming practices, bolster production capacity. Global trends towards health-conscious consumption and organic products further drive local demand. Additionally, fluctuations in global commodity prices impact export potential, influencing the overall market dynamics for fruits and nuts in the region.

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.