Wednesday, 30 January 2013

Egypt Food and Drink Market Report Q1 2013


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Egypt Food and Drink Report Q1 2013
Jan 30th 2013, 00:00

Egypt remains one of our favourite Middle East and Africa markets from the point of view of longer-termopportunities in food and drink as well as mass grocery retail. Its large and expanding population willprovide a suitable aspirational consumer base for both volume increases and value-based premiumisation.Nevertheless, we caution that the gloomy shorter-term economic outlook poses downside risks to ourforecasts.Headline Industry Data (local currency)? 2013 per capita food consumption = +12.0%; forecast compound annual growth rate (CAGR) to 2017 =+11.8%? 2013 alcoholic drinks value sales = +18.1%; forecast CAGR to 2017 = +16.1%? 2013 soft drinks value ...

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