Soft Drinks - Angola | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Soft Drinks market amounts to US$6.25bn in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$478.50m in 2024.
Revenue, combined amounts to US$6.73bn in 2024.
The revenue, at home is expected to grow annually by 11.31% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated United States (US$114bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$165.40 are generated in 2024.
In the Soft Drinks market, volume, at home is expected to amount to 3.49bn L by 2024.
Volume, out-of-home is expected to amount to 46.69m L in 2024.
Volume, combined is expected to amount to 3.54bn L in 2024.
The Soft Drinks market is expected to show a volume growth, at home of 4.0% in 2025.0.
The average volume per person, at home in the Soft Drinks market is expected to amount to 92.28L in 2024.

Definition:

The market Soft Drinks covers varieties of prepared water-based beverages to which flavoring additives (sugar or sweeteners, aromas etc.) have been added. These include cola drinks and lemonades, but also energy drinks, fruit nectars and soft drinks with fruit juice content, as well as value-added or flavored water. Coffee and tea-based drinks are not included.

Structure:

The Soft Drinks market is structured into 3 markets:

Carbonated Soft Drinks denote all artificially sweetened and carbonated Non-Alcoholic Drinks.
Non-Carbonated Soft Drinks contain non-alcoholic liquid refreshment beverages that are not artificially carbonated.
Energy & Sports Drinks include energy drinks and sports drinks, providing functional benefits such as mental and physical stimulation.

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, PepsiCo, Suntory, Red Bull, and Keurig Dr Pepper.

Carbonated Soft Drinks (Cola, Lemonade etc.)
Non-Carbonated Soft Drinks (nectars, value-added or flavoured water etc.)
Energy & Sports Drinks

Hot Drinks
Powdered drink mixes and syrups (e.g. Post-Mix Drinks)

The Soft Drinks market in Angola has experienced significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Soft Drinks market in Angola have shifted towards healthier options, with a growing demand for low-sugar and natural beverages. This trend is influenced by global concerns over obesity and the negative health effects of sugary drinks. Consumers in Angola are increasingly conscious of their health and are seeking out beverages that offer nutritional benefits. As a result, there has been a rise in the consumption of bottled water, fruit juices, and functional drinks in the country. Trends in the market also reflect the growing popularity of convenience and on-the-go consumption. Busy lifestyles and urbanization have led to an increased demand for ready-to-drink beverages that can be consumed easily while on the move. This has driven the growth of packaged soft drinks, such as carbonated drinks, energy drinks, and iced teas, which are readily available in supermarkets, convenience stores, and vending machines. Local special circumstances have also played a role in the development of the Soft Drinks market in Angola. The country has a young and rapidly growing population, with a significant portion of the population under the age of 30. This demographic trend has created a large consumer base for soft drinks, as younger consumers are more likely to consume these beverages. Additionally, Angola has a warm climate, which further contributes to the demand for refreshing and hydrating soft drinks. Underlying macroeconomic factors have also influenced the growth of the Soft Drinks market in Angola. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. As a result, consumers have more purchasing power to spend on non-essential items such as soft drinks. Furthermore, the expansion of modern retail channels, such as supermarkets and convenience stores, has made soft drinks more accessible to a wider population. In conclusion, the Soft Drinks market in Angola is developing in response to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for healthier and convenient beverages, driven by global concerns and busy lifestyles, has led to an increase in the consumption of bottled water, fruit juices, and functional drinks. The young population and warm climate in Angola have also contributed to the growth of the market. Additionally, steady economic growth and the expansion of modern retail channels have made soft drinks more accessible to consumers in the country.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.