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Egypt Food and Drink Market: New industry data published
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Egypt Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-02 12:05:04
Despite the relative near-term weakness of its food and drink market on account of the wider political and economic situation, Egypt´s core demographics continue to offer encouraging prospects for the world´s major fast-moving consumer goods companies. Egypt is also arguably the cultural hub of the Arab world and doubles up as an excellent gateway to the wider North African and Sub-Saharan African regions. We believe that no other country in the Arab world can match Egypt´s long-term potential, which is why many of the world´s largest consumer companies will very likely be increasing, rather than cutting back, their investment in the country.

Headline Industry Forecasts (local currency)

- 2013 per capita food consumption growth = +10.17% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) to 2017 = +11.42%.

- 2013 alcoholic drinks value sales growth = +18.14% y-o-y; forecast CAGR to 2017 = +17.64%.

- 2013 soft drinks value sales growth = +14.29% y-o-y; forecast CAGR to 2017 = +16.10%.

- 2013 mass grocery retail sales growth = +14.09% y-o-y; forecast CAGR to 2017 = +14.94%.

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