2014-04-02 22:03:02 - Kuwait Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
We expect continued steady growth across Kuwait´s food and drink sector, with some subsectors (e.g. soft drinks, snack foods) performing particularly strongly. The country´s economy should continue to grow moderately, with our real GDP forecast for 2014 standing at 2.6% and increasing at a slightly faster rate in 2015. We also expect private consumption activity to remain buoyant and forecast growth of 4.0% for this year and for 2015. Progress on the Kuwait Development Plan is proceeding slowly but should impact positively on both the oil and non-oil sectors, increasing Kuwait´s economic stability and scope for expansion.
Headline Industry Data (local currency)
- 2014 food consumption growth = +2.5%; forecast compound annual growth rate (CAGR) for the five year period to 2017
- 2014 per capita food consumption growth = -0.7%; forecast CAGR 2013 to 2017 = 0.0%
- 2014 soft drinks value sales growth = +25.2%; forecast CAGR 2013 to 2017 = +19.2%
- 2014 mass grocery retail sales growth = +3.2%; forecast CAGR 2013 to 2017 = +2.6%
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