Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Food

Ghana Food & Drink Report Q1 2014 - New Study Released


Print article Print article
2014-01-25 18:40:30 - Fast Market Research recommends "Ghana Food & Drink Report Q1 2014" from Business Monitor International, now available

We maintain our view that Ghana will be a regional and global outperformer over the coming years thanks to swift expansion in several industries retail. We forecast real GDP growth of 6.4% in 2014 and 7.2% in 2015, following an estimated 7.0% in 2013. We expect strong growth in aggregate private consumption, forecasting an increase of 7.5% in real terms in 2013 and 6.0% in 2014, followed by an annual average of 6.0% over 2014-2017 which in turn has positive implications for consumer spending on food and drink.

Headline Industry Data

* 2013 per capita food consumption (local currency) = +10.16%; forecast compound annual growth rate (CAGR) 2013 to 2017 = +9.2%.
* 2013 beer volume sales = +8.00%; forecast CAGR

2013 to 2017 = +6.74%.
* 2013 carbonated drinks volume sales = +9.00%; forecast CAGR 2013 to 2017 = +7.53%.

Full Report Details at
- www.fastmr.com/prod/763959_ghana_food_drink_report_q1_2014.aspx

Key Industry Trends

Danone Joins in Fan Milk Acquisition: In autumn 2013 dairy giant Danone announced that it is to join Abraaj Group in acquiring Fan Milk International. Abraaj will now take a 51% stake and Danone the remaining 49% stake. Until the agreement Danone will acquire a controlling share in the company in future years. The transaction is expected to be finalised by the end of the year. According to a statement from the company, 'The combination of Danone's know-how in the fresh dairy category alongside Abraaj's 20 year investment experience, insights and local presence on the African continent will boost Fan Milk's growth in a market with major potential.'

Accra Breweries Doubles Capacity: In late 2013, SABMiller-owned Accra Breweries announced plans to invest US$100mn to expand its operations in Ghana to include the construction of two new state-of-theart- packaging lines, a warehouse and a waste treatment plant. The expansion project is expected to double the company's capacity and will be completed over a period of one- to two-years. The move will enable it to increase production of Club Ghana, the country's most popular local beer, and provide a base for the distribution of international brands such as Peroni Nastro Azzuro.

Risks To Outlook

The Ghanaian cedi remains vulnerable amid the sizeable current account deficit and could depreciate more swiftly than we anticipate. In addition, mismanagement of oil revenues - perhaps stemming from insufficient institutional capacity - could dent investor perceptions.

Report Table of Contents:

The table of contents for this report is available upon request.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com