Kazakhstan Food & Drink Q1 2021
Kazakhstan's food and drink sector will continue on a positive growth trajectory in 2021, despite a deceleration in non-alcoholic drinks spending growth due to the high base effects in 2020 as consumers shifted their purchasing patterns amid highlevels of uncertainty amid the Covid-19 pandemic. Alcoholic drinks consumption growth is projected to accelerate in 2021 due tothe removal of restrictions on alcoholic drinks trade and the increase in economic activity that will increase the wage andemployment prospects of consumers. Over the medium term (2021-2024), we forecast food and drinks spending growth to remainpositive, supported by positive economic growth, increasing disposable incomes and favourable demographics.
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