Boston, MA -- (ReleaseWire) -- 04/21/2014 -- Published by Canadean, this Africa Beverage Forecast provides consumption trends 1999 to 2013 provisional and 2014 to 2019 forecasts for key beverage categories.
Introduction and Landscape
Why was the report written?
This bi-annual report from Canadean is designed to show past consumption trends for all commercial beverage categories and forecast trends five years into the future. Product analysis is broken down into 30 categories: packaged water, bulk/HOD water, carbonates, juice, nectars, still drinks, squash/syrups, fruit powders, iced/rtd tea drinks, iced/rtd coffee drinks, sports drink, energy drinks, hot tea, hot coffee, beer, sorghum beer, cider, spirits, wine, fortified wine, sake, rice wine, FABs, dairy drinks (white milk, fermented milk, drinking yogurt, flavoured milk, soymilk, evaporated and condensed milk).
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What is the current market landscape and what is changing?
This vast continent contains numerous countries with the majority of the population living in rural, subsistence economy settlements. As living standards rise, consumer palettes widen and so does product choice. The rapidly expanding population base provides huge potential for the development of commercial beverages.
What are the key drivers behind recent market changes?
Product pricing remains a key driving force behind consumer demand as disposable income remains low, although growing, across the region. This can be illustrated in the increased investment in advertising by major brands throughout the region. Also illustrated by growing consumer demand for 'safe' drinking water.
What makes this report unique and essential to read?
The report facilitates valuable data comparisons, enabling the user to monitor the development of commercial beverages over time by category and determine share of throat. It is an essential aid for anyone interested in the beverage industry.
Key Features and Benefits
Data for 25 individual beverage categories, covering historical trends (1999-2013 provisional and 2014-2019 forecast provided in excel).
Data measures in million litres and litres per capita
Supporting analysis for the individual beverage categories
Canadean's Africa Beverage Forecasts includes data tables for Nigeria and South Africa plus a regional balancer
Supporting text for Nigeria
Key Market Issues
The 2002 ban on imported finished juice products in Nigeria still means juice remains a highly niche product. However, as a result, there has been increased inward investment, with local and international suppliers backing domestic juice producers.
Restricted or absent power supplies are affecting the beverage world especially. With the seasonal climate in Nigeria causing an increase in the demand for chilled and cold drinks, a consistent source of power will increase consumption.
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