BMI View: We maintain our bullish outlook for Saudi Arabia's food and drink market over our forecastperiod to 2019. Sales will continue to benefit from rising disposable incomes, favourable demographics,increasing urbanisation and ongoing formalisation of the mass grocery retail (MGR) sector. The countryleads our Risk/Reward Index for the Middle East and North Africa region, showing the potential for thesector in comparison to its neighbours' food and drink industries.
Headline Industry Data
Total food consumption (local currency) growth year-on-year (y-o-y) in 2015: +7.6%; compound annualgrowth rate (CAGR) 2014-2019: +7.5%
Per capita food consumption (local currency) growth (y-o-y) in 2015: +5.7% ; CAGR 2014-2019: +5.8%
Total soft drinks value (local currency) sales growth (y-o-y) in 2015: +9.2%; CAGR 2014-2019: 7.3%
Total mass grocery retail value (local currency) sales growth (y-o-y) in 2015: +9.6%; CAGR 2014-2019:+9.2%