Kuwait Food and Drink Report Q2 2016
BMI View: Despite the current economic slowdown, we expect Kuwait's food and drink industry willexperience positive growth over our five-year forecast period, driven by sustained household spending. Webelieve premiumisation will remain high in the food sector, as demand for non-essential foods increasesand carbonated soft drinks consumption remains strong. We expect premiumisation to drive investmentfrom supermarkets and hypermarkets formats, with a marginal decline in co-operative stores formats.
Latest Updates & Industry Developments
Demand for staple foods will remain resilient in Kuwait, with rice and meat sales driving growth.
We believe the introduction of a soft drinks tax in 2017 across the Gulf Cooperation Council countrieswill not hit the Kuwaiti carbonated soft drinks market over our five-year forecast period to 2020, withcarbonated soft drinks sales reaching a compound annual growth rate of 10.7%.
We expect an increase in the investment in supermarkets and hypermarkets formats in Kuwait, asconsumer spending rises and consumers have more purchasing power for premium products.
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