Sauces & Spices - Angola

Angola

Highlights

Revenue in the Sauces & Condiments market amounts to US$457.50m in 2024. The market is expected to grow annually by 9.96% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$46bn in 2024).
In relation to total population figures, per person revenues of US$12.10 are generated in 2024.
In the Sauces & Condiments market, volume is expected to amount to 159.80m kg by 2029. The Sauces & Condiments market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Sauces & Condiments market is expected to amount to 3.8kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Sauces & Spices market in Angola is seeing slow growth due to factors such as low disposable income, limited availability of ingredients, and traditional cooking methods. However, the market is expected to see a boost from increasing urbanization and demand for convenience in food preparation. The sub-markets of Tomato Ketchup, Other Sauces, and Spices & Culinary Herbs are also contributing to the overall market growth, with consumers seeking out a variety of flavors and options. Additionally, the growing health consciousness among consumers is driving demand for healthier and natural ingredients in sauces and spices. While the market growth may be subdued, there are opportunities for innovation and expansion in this sector in Angola.

Customer preferences: As health and wellness continue to gain importance in Angola, consumers are increasingly seeking healthier and more flavorful options when it comes to their food choices. This has led to a rise in demand for sauces and spices made with natural and organic ingredients. Additionally, the growing interest in global cuisines and fusion cooking has also influenced the variety and popularity of sauces and spices in the market. This trend is driven by an evolving food culture and a desire for more adventurous and flavorful eating experiences.

Trends in the market: In Angola, the Sauces & Spices Market within The Food market is experiencing a shift towards healthier and more diverse options. There is a growing demand for organic and locally sourced ingredients, as well as a focus on incorporating traditional African flavors into sauces and spices. This trend is driven by a desire for more nutritious and sustainable food choices, and has implications for industry stakeholders such as suppliers, manufacturers, and retailers. As consumers become more health-conscious and seek out unique flavors, businesses in this market will need to adapt and innovate to meet these evolving demands.

Local special circumstances: In Angola, the Sauces & Spices Market is heavily influenced by the country's rich agricultural resources and diverse culinary traditions. With a strong demand for locally sourced and traditional ingredients, the market is driven by small-scale producers and homegrown brands. Additionally, government regulations on food imports have created a unique market environment, with local products being favored over international ones. These factors contribute to the dynamic and competitive nature of the Sauces & Spices Market in Angola, setting it apart from other markets in the region.

Underlying macroeconomic factors: The Sauces & Spices Market within The Food market in Angola is heavily impacted by macroeconomic factors such as the country's overall economic health, government fiscal policies, and global economic trends. As an emerging market, Angola's economic growth has been driven by investments in infrastructure, particularly in the food and beverage sector. However, challenges such as inflation and foreign currency fluctuations can hinder market growth. Additionally, the increasing demand for healthier and more diverse food options, coupled with the rising disposable income of the population, is driving the demand for sauces and spices in the region. This trend is expected to continue as the population grows and consumer preferences evolve.

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.