Africa's Food And Beverage Industry Grows Steadily Despite Roadblocks

Researched by Industrial Info Resources (Sugar Land, Texas)--Africa is currently experiencing an economic upswing, especially in the Sub-Saharan region, with an anticipated gross domestic product (GDP) growth rate of 3.8% in 2024 and 4.2% in 2025. As the economy grows, the region's demand for food and beverages has also increased. This growth is driven by factors such as rising urban population and shifting consumer preferences toward foreign cuisines and convenience foods. In addition, a dynamic ecosystem of players, from small local startups to large global conglomerates, also has aided the market expansion. Industrial Info is tracking about 1,000 active capital-spending Food & Beverage Industry projects in Africa, worth US$18 billion.