The United States hopes to conquer places in the alcoholic beverage market in Africa

Published 2021년 3월 24일

Tridge summary

The African market for alcoholic beverages, including beer, wine, and spirits, is experiencing growth, particularly in South Africa, Ghana, and Kenya, driven by urbanization, demographic growth, and a growing middle class. Despite the European Union currently dominating the import market, there is potential for American producers and suppliers to compete, especially in the premium beer, wine, and spirits markets. Beer is the most popular alcoholic beverage, with a growing preference for premium and low-alcohol options. Wine markets are also growing rapidly, with the United States having a significant presence in Nigeria. Spirits, especially premium and imported brands, are outperforming the alcoholic beverage market, with a growing demand among middle and upper income consumers in Ghana, Kenya, and Nigeria.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The market for alcoholic beverages - beer, wine and spirits - in Africa is growing, particularly in South Africa, Ghana, Kenya and Ghana. Market dynamics are driven by the emerging middle class - whose price is no longer the only criterion taken into account but also quality and brands - but also urbanization, demographic growth, the expansion of the hotel sector and tourism. A potential for future growth that is within the reach of American producers and suppliers believes the United States Department of Agriculture (USDA). Today, the import market is dominated by the European Union while this upturn in consumption mainly benefits local producers. The first market is beer Beer is the queen drink in African markets and the national varieties are the most consumed not only by local brewers but also by major international brands, such as Diageo and Anheuser-Busch InBev, which invest in local subsidiaries. “Despite the growing trend towards local breweries, consumers, especially in ...
Source: Commodafrica

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