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Juices - Angola

Angola
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Juices market amounts to US$734.70m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$70.86m in 2024.
  • Revenue, combined amounts to US$805.50m in 2024.
  • The revenue, at home is expected to grow annually by 10.99% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated United States (US$14bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$19.43 are generated in 2024.
  • In the Juices market, volume, at home is expected to amount to 278.60m L by 2024.
  • Volume, out-of-home is expected to amount to 4.74m L in 2024.
  • Volume, combined is expected to amount to 283.30m L in 2024.
  • The Juices market is expected to show a volume growth, at home of 3.9% in 2025.0.
  • The average volume per person, at home in the Juices market is expected to amount to 7.37L in 2024.

Definition:

This market consists of all types of bottled fruit and vegetable juices which contain 100% fruit and/or vegetable juice. These juices can be directly pressed or from concentrate. Not included are fruit nectars or other drinks which do not have 100% fruit juice content. Fruit nectars with limited fruit content and juice-based soft drinks are not included here.

Structure:

The market consists of 6 markets:

  • Orange Juice
  • Apple Juice
  • Grapefruit Juice
  • Pineapple Juice
  • Grape Juice
  • Other Juice, Juice Mixtures & Smoothies

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Key players include The Coca-Cola Company (e.g. Innocent), PepsiCo (e.g. Tropicana), Minute Maid, and Del Monte.

In-Scope

  • Fruit Juices (containing 100% fruit juice content)
  • Vegetable juices (containing 100% vegetable juice content)
  • Fruit juice mixtures and smoothies (100% fruit juice content)

Out-Of-Scope

  • Syrups and nectars (<100% Fruit content; see Soft Drinks segment)
  • Soft drinks with fruit juice content (see Soft Drinks segment)
Juices: market data & analysis - Cover

Market Insights Report

Juices: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Price

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Apr 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Juices market in Angola has been experiencing significant growth in recent years. Customer preferences for healthier beverage options, along with the rising disposable income levels in the country, have contributed to the expansion of this market. Customer preferences in Angola have shifted towards healthier beverage options, including juices. This can be attributed to the growing awareness of the importance of a balanced diet and the desire to lead a healthier lifestyle. Consumers are increasingly looking for natural and nutritious products, and juices offer a convenient way to meet these needs. Additionally, the younger population in Angola is more health-conscious and actively seeks out products that align with their wellness goals. In line with global trends, the Juices market in Angola has witnessed a surge in demand for organic and natural juices. Consumers are becoming more conscious of the ingredients used in their food and beverages, and are willing to pay a premium for products that are free from artificial additives and preservatives. This trend is driven by a desire for cleaner labels and a focus on sustainability. Another trend in the Juices market in Angola is the increasing popularity of functional juices. These are juices that are fortified with additional nutrients and ingredients to provide specific health benefits. Functional juices cater to the needs of consumers who are looking for products that can enhance their overall well-being. This trend is also influenced by the growing interest in alternative medicine and natural remedies. Local special circumstances in Angola, such as the availability of a wide variety of fruits, contribute to the growth of the Juices market. Angola has a diverse range of fruits that are used to produce juices, including oranges, pineapples, mangoes, and guavas. This abundance of fruits allows for a greater variety of juice flavors and options, which appeals to consumers. Underlying macroeconomic factors, such as rising disposable income levels, have also played a role in the growth of the Juices market in Angola. As the economy improves and more people have access to disposable income, they are able to spend more on premium and healthier beverage options. This has created a favorable environment for the growth of the Juices market. In conclusion, the Juices market in Angola is experiencing growth due to customer preferences for healthier beverage options, the availability of a wide variety of fruits, and underlying macroeconomic factors. The demand for organic and natural juices, as well as functional juices, is on the rise. As consumer awareness continues to increase and the economy improves, the Juices market in Angola is expected to further expand in the coming years.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

    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 (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level 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 Non-Alcoholic Drinks 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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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