2012-09-10 06:16:17 - Ghana Food and Drink Report Q1 2012 - a new market research report on companiesandmarkets.com
The ongoing global headwinds, particularly the poor outlook for growth in the US and sovereign debt concerns in the eurozone, pose downside risks to Ghanas growth trajectory. However, while oil production in 2011 is expected to come in below original expectations, we still believe the industry will provide a lift to the economy and eventually the consumer sector as incomes rise hugely over the long term. Additionally, Ghanas relative resilience during the global financial crisis (real GDP growth stood at 4.0%) bodes well for the nation weathering the storm once more. This is expected to translate into strong growth in the consumer sectors. The fast-moving consumer goods trio of Cadbury, NestlÃ© and Unilever are already considerably invested in Ghana and
are likely to increase investment spending over the next few years as the economy takes off.
Headline Industry Data
- 2011 per capita food consumption (local currency) = +4.6%; forecast compound annual growth to 2016 = +7.6%
- 2011 beer volume sales = +6.9%; forecast compound annual growth to 2016 = +8.0%
- 2011 mass grocery retail sales = +41.1%; forecast compound annual growth to 2016 = +36.6%
Key Industry Trends
Private Equity Firm Silk Looking At Africa: Investor interest in Africa has previously been focused on resources or land; the idea of investing in search of returns from the growing spending power of the endconsumer is a relatively new phenomenon. In an example of this strategy, UK-based asset management firm Silk Invest is launching a private equity fund targeting Sub-Saharan Africa food and drink processing companies. Given how well many of the regions economies have done relative to the global economy since 2008, these countries are likely to provide some great opportunitiesThe price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
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