Cote d`Ivoire Food and Drink Report Q2 2016
BMI View: Côte d'Ivoire's economic expansion outlook is one of the strongest in Sub-Saharan Africa,corroborating our optimistic consumer outlook for the country. This positive consumer outlook, togetherwith favourable demographics and rising disposable incomes, provides advantageous conditions for rapidfood and drink industry growth. Additionally, the mass grocery retail sector will show strong growth asconsumers increasingly switch to formal retail.
Latest Updates & Industry Developments
Total food sales growth value (local currency) sales growth (y-o-y) in 2016 +10.2%; compound annualgrowth rate (CAGR) 2015-2020: +10.8%
Non-alcoholic drinks value (local currency) sales growth (y-o-y) in 2016 +10.2%; compound annualgrowth rate (CAGR) 2015-2020: +10.8%
We expect to see accelerated growth in the mass grocery retail sector over the coming years.
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