Gabon Food and Drink Report Q2 2016
BMI View: Gabon's food and drink industry will show robust growth over 2016, largely driven by theincreasing formalisation of the mass grocery retail industry. As consumers gain wider access to formalretail, we will see a rise in the sales of branded packaged foods. The scope for large-scale expansion in thefood and drink industry is limited by a weak demographic profile. Premiumisation will ultimately have toplay a more significant role in driving growth.
Latest Updates & Industry Developments
Food sales (local currency) growth y-o-y in 2016: +7.2%; compound annual growth rate (CAGR)2015-2020: +7.2%.
Non-alcoholic drinks sales (local currency) growth y-o-y in 2016: +7.2%; CAGR 2015-2020: +7.2%.
French retailer Carrefour announced that it will be entering Gabon as part of its expansion plan intoAfrica.
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