Sales of snacks in Angola are set to contract in 2024 as demand drops in several snacks categories, despite their wide range of products available across the price spectrum. The robust expansion of local manufacturing due to government incentives and improving trading conditions and the wide range of savoury snacks such as potato chips available at affordable prices, is being negated by the strength of informal channels offering unpackaged products, thereby hindering the market’s development.
Ongoing inflationary pressures in recent years is set to continue negatively impacting industry players, causing setbacks in terms of the snacks’ industry’s faster development and investment levels in developing new products.
Most Angolan people consume three meals per day – breakfast, lunch and supper. Lunch is usually considered to be the most important meal of the day, not least as supper tends to be taken quite late, often as late as 20.
Angola’s population is expected to continue to grow at a steady rate during 2024, rising by 3% to reach 38.0 million.
Much of the country’s infrastructure was damaged during the country’s long and protracted civil war, although a considerable amount of it has by now been repaired. Retailing and distribution infrastructure is particularly well developed in Luanda and its surrounding region.
The forecast period is set to see growth across all categories of snacks, although growth rates are only likely to be moderate. Angola’s economy remains highly dependent on hydrocarbon exports and although the government is focused on diversifying the national economy, this is a long-term project.
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Understand the latest market trends and future growth opportunities for the Snacks industry in Angola with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This report originates from Passport, our Snacks research and analysis database.
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