Tanzania, United Rep. Food and Drink Report Q2 2016
BMI View: We forecast Tanzania's food and drink industry will experience positive growth over our fiveyearforecast period to 2020, as positive economic growth drives consumer spending. We believeTanzania's largely underdeveloped MGR sector will begin to attract investment from regional retailers, as aresult of growing purchasing power. The country's fast-growing food and non-alcoholic drinks sales willfurther encourage formal retailing.
Latest Updates & Industry Developments
The country's growing consumer confidence, due to rising disposable incomes, will boost sales growth innon-essential products.
Carbonated soft drink sales will lead soft drink sales, growing by 12.3% over our five-year forecastperiod, with the entry of local companies MeTL and Bakhresa into the soda market.
Tanzania's positive economic outlook will boost consumer spending and encourage long-term massgrocery retail investment.
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