In 2023, 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 instead. However, the annual inflation rate dropped to 11% in April 2023, the lowest since 2015, and cooking ingredient prices have been far more stable.
In 2023, cooking ingredients in Angola continue to reflect the country's economic dynamics. With the annual inflation rate dropping to 11% in April 2023, the lowest since 2015, cooking ingredient prices have been far more stable.
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.
In February 2023, inflation in Angola decreased to 12, a notable drop from January's 13% and the lowest rate since August 2015. This decline is attributed to robust harvest and fuel subsidies, acting as significant contributors to the sustained reduction in inflation.
Independent small grocers, supermarkets and outdoor markets are the most important distribution channels for cooking ingredients and meals. Traditional channels, such as independent small grocers and open markets, are usually preferred by low-income consumers and this is because these channels generally offer products at the lowest prices as well as being located in closer proximity to their homes and workplaces.
Over the forecast period, price differences and availability will be key factors influencing consumer choices. As a result, 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.
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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.
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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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