In 2022, the COVID-19 pandemic is no longer a strong factor in the performance of cooking ingredients and meals, with the category now being impacted by global inflation. However, as Angola is a country that exports a lot of oil, the country is benefiting from being able to increase its prices for international consumers.
In 2022, cooking ingredients and meals is very much being impacted by global inflation and increased fuel prices. However, as Angola is a country that exports a lot of oil, the country is benefiting from being able to increase its prices for international consumers.
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 22.
Angola’s population continued to expand during 2022 and it may even surpass 33 million. This is being driven by immigration as well as the country’s high birth rate of 39 live births/1,000 population.
In 2022, most retailers have performed very well due to the appreciation of the local currency and price drop of most products, resulting in consumers shopping more.
Cooking ingredients and meals has a positive outlook for the forecast period given the appreciation of the Kwanza and ongoing price drops, meaning products are more affordable for households. In general, the country’s economy is set to improve over the forecast period, which also means purchasing powers will expand.
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Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Angola with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
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