Food Manufacturing Sector in Africa
Our unique report takes a close look at Food Manufacturing in Egypt and Africa.
The food sector currently stands as a vital and key component of the African economy. It depicts a sufficiently large market depth along with compelling market dynamics that are expected to support continued interest by current and potential investors in tapping the African opportunity over the long-term.
From a demand perspective, total food consumption in Africa is estimated at around $423bn in 2015 or 16% of GDP, and is expected to grow at an annual rate of 8% over the next 5 years.
Geographically, a limited number of countries currently account for the bulk of the food demand, with the 5 largest markets accounting for 60% of the total. Nigeria and Egypt lead with a market size of $60bn each, followed by South Africa at $39bn. Smaller markets like Sudan, Angola, Cameroon and Uganda are depicting the fastest growth rates, with high double-digits.