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Published by: Business Monitor International
Published: Nov. 5, 2009 - 54 Pages
Table of Contents
- Executive Summary
- SWOT Analysis
- Food Industry SWOT
- Drink Industry SWOT
- Mass Grocery Retail SWOT
- Business Environment
- Middle East Food & Drink Business Environment Ratings
- Ratings Overview
- Looking Forward
- Table: Middle East Food & Drink Business Environment Ratings Q1 2010
- Kuwait’s Food & Drink Business Environment Rating
- BMI’s Core Global Industry Views
- Table: BMI’s Core Views For The Food & Drink Industry
- Macroeconomic Outlook
- Table: Kuwait Economic Activity, 2006-2013
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data And Forecasts, 2006-2014
- Trade
- Table: Kuwait Food, Drink & Tobacco Sectoral Trade Indicators (US$mn) - Historical Data And Forecasts, 2004-2013
- Industry Developments
- Market Overview
- Agriculture
- Food Production
- Halal Food
- Table: Muslim Populations In Select Countries
- Drink
- Soft Drinks
- Table: Soft Drink Value Sales - Historical Data And Forecasts, 2004-2013
- Industry Developments
- Market Overview
- Soft Drinks
- Hot Drinks
- Alcoholic Drinks
- Mass Grocery Retail
- Industry Forecast Scenario
- Table: Kuwait Mass Grocery Retail Sales Value By Format - Historical Data And Forecasts, 2006-2014
- Table: Grocery Retail Sales By Format --Historical Data And Forecasts
- Industry Developments
- Market Overview
- Table: Structure Of Kuwait’s MGR Market By Number 0f Outlets (estimates)
- Table: Structure Of Kuwait’s MGR Market - Sales Value By Format (US$bn)
- Table: Structure Of Kuwait’s MGR Market - Sales Value by Format (KWDbn)
- Table: Estimated Value Of Sales Per Outlet, 2008
- Competitive Landscape
- Key Players
- Food & Drink
- Table: Key Players in Kuwait’s Food & Drink Sector
- Mass Grocery Retail
- Table: Key Players in Kuwait’s MGR Sector
- Company Profiles
- Food
- Kuwait Food Company (Americana)
- Kuwait Dairy Corporation
- Kuwait Flour Mills and Bakeries Co
- Drink
- United Beverages Company WLL
- Mass Grocery Retail
- Union of Consumer Cooperative Societies (UCCS)
- The Sultan Center (TSC)
- EMKE Group
- Appendix
- Country Snapshot: Kuwait Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 1997-2006
- Table: Consumer Expenditure, 2000-2012
- Food & Drink Business Environment Ratings
- Ratings Methodology
- Ratings Overview
- Ratings System
- Indicators
- Limits Of Potential Returns
- Risks To Realisation Of Potential Returns
- Weighting
- Weighting
- BMI Food & Drink Industry Glossary
- Food & Drink
- Mass Grocery Retail
- BMI Food & Drink Forecasting And Sources
- How We Generate Our Industry Forecasts
- Sources
AbstractKuwait comes in fifth place in BMI’s regional Food & Drink Business Environment Ratings table forQ110. Although by no means a long-term play, GDP per capita above US$30,000 and a reasonably largepopulation by Gulf regional standards (excluding Saudi Arabia) of 3.2mn makes Kuwait’s mass groceryretail (MGR) industry a fairly attractive investment proposition, as discussed in BMI’s Kuwait Food &Drink Report for Q110.
Bearing in mind that organised grocery retail sales contribute to less than 50% to overall grocery sales,Kuwait’s underdeveloped MGR industry will provide opportunities within the high-value hypermarketand supermarket segments in particular over our forecast period through to 2014. We expect MGR salesto strengthen by 22.25% to KWD0.64bn (US$2.36bn). While the downturn has cooled demand forpremium products, we do not expect it to have a long-term structural bearing on the industry’s trajectory,with trade-up trends gradually returning in line with ongoing improvements in Kuwait’s economy.
The strength of the co-operative category distinguishes Kuwait’s MGR industry from the wider Gulfregion, where hypermarkets and supermarkets call the shots. Led by the government-backed Union ofConsumer Cooperative Societies (UCCS), co-operative sales are expected to make up over 60% ofMGR sales in 2009. UCCS benefits from favourable legislation that prohibits private retailers fromoperating in potentially lucrative residential neighbourhoods. Despite strengthening demand forhypermarket and supermarkets, a forecast 17.27% increase in co-operative sales to KWD0.37bn throughto 2014 suggests that the category has legs.
Investment in the hypermarket category by prominent regional retailers like Carrefour MAF hasincreased expectations among Kuwaiti consumers. Operating just one store in the country, CarrefourMAF pursues with caution in Kuwait. Taking into account the hypermarket category’s expectedoutperformance, with sales increasing by 35.3% to KWD0.17bn in 2014, Carrefour MAF is likely tostrengthen its presence over our forecast period. So is the Abu Dhabi-based retailer EMKE Group. In2009, it announced plans to establish a regional presence.
In the event that the government relaxes its stance on the movement of private retailers, Kuwait’s largestprivate retailer, Sultan Group, could increase focus on the emerging convenience store category. Sultanoperates 12 convenience stores under the TSC X-Press banner and will look to capitalise on consumers’growing desire for convenient residential retailing.
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