"Sips" (such as wine, beer, and spirits) and snacks (including potato chips, baked foods, fruit and nut mixes, and peanuts/peanut butter) are growing segments of sub-Saharan Africa's food and beverage industry, particularly in Ghana, Nigeria, Kenya, and South Africa. Despite relatively subdued economic growth due to COVID-19 and associated lockdown restrictions, continued momentum in the region's alcoholic beverage and snack food markets points to enormous potential for U.S. exporters. The region's emerging and informed middle class is helping create a burgeoning market for the wine, beer, and spirits industry. Consumer preference is shifting away from locally brewed beverages towards branded, imported, higher-quality alcoholic drinks. This emerging consumer group is also becoming more aspirational and brand conscious, paying closer attention to packaging and product details as opposed to focusing only on low pricing. This change in consumer behavior is reflected in shoppers' preference for quality over quantity and their willingness to pay a premium for alcohol products that offer an authentic experience. Please click here to read more >>
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