Gabon Food and Drink Report Q1 2015

Business Monitor International
November 19, 2014
42 Pages - SKU: BMI5388597
Countries covered: Gabon

Gabon Food and Drink Report Q1 2015

President Ali Bongo has proved to be a much more active economic reformer than his father, working hardto court foreign investors into Gabon and diversify the economy away from stagnating oil production. Hehas invested in infrastructure, brought in foreign experts and launched an ambitious programme of socialspending to address widespread poverty. However, we stress that government targets of transforming thecountry into a major economic centre by 2025 are unreasonably optimistic. Gabon's small workforce,limited domestic market and opaque business environment will all pose obstacles to economicdiversification. Additionally, the country's small population, relative to its regional peers, will continue toweigh on food and drink industry prospects.

Key Forecasts

Per capita food consumption growth (local currency) in 2014: +3.7%; compound annual growth rate (CAGR) 2013 to 2018: +3.9%.

Mass grocery retail sales growth (local currency) in 2014: +13.3%; CAGR 2013 to 2018: +12.6%.

Beer volume sales growth (litres) in 2014: 4.5%; CAGR 2013 to 2018: 4.8%.



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