Per-capita food consumption in Angola to grow by average of 13.9% annually to reach US$1,266 in 2016, according to new report; per-capita food consumption in Botswana forecast to increase by annual average of 8.2% to 2016
March 31, 2012
Research and Markets (http://www.researchandmarkets.com/research/4ed9bb2e/southern_africa_fo) has announced the addition of the "Southern Africa Food and Drink Report Q2 2012" report to their offering.
With double-digit or high single-digit average annual growth forecast for food, beverage and mass grocery retail sales throughout the region over our forecast period, Southern Africa affords enormous opportunities to industry investors. There is a clear divide between the opportunity present in the smaller and more established regional food markets of Botswana and Namibia and the less mature and larger regional markets of Zambia and Angola and yet growth opportunities throughout the region remain enormously attractive relative to the wider industry.
- Angola - Per capita food consumption to grow by an average of 13.9% annually to reach US$1,266 in 2016
- Botswana - Per capita food consumption forecast to increase by an annual average of 8.2% to 2016
- Mozambique - Per capita food consumption is forecast to increase by a healthy annual average of 11.4% out to 2016
- Namibia - From an already fairly high base in this relatively developed food sector, we expect per capita food consumption to increase by around 6.8% annually to 2016
- Zambia - We forecast average annual growth of 6.1% out to 2016 for domestic per capita food consumption
Organised Retailing: All Southern Africa markets lag regional leader South Africa in terms of the presence of organised grocery retailing. Aside from South Africa, Botswana and Namibia are more developed, with a higher penetration of formal retailing, while Zimbabwe, Angola and Mozambique are all far less mature but with stronger room for growth. Across the region, formalisation will be a key driver of mass grocery retail sales growth, as more and more shoppers trade up to organised retail channels. This will be true, even for the region's more mature markets; however here, we would also expect the steady introduction of new store offerings, such as non-food products, to also help support growth.
For more information visit http://www.researchandmarkets.com/research/4ed9bb2e/southern_africa_fo.
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