Cote d`Ivoire Food and Drink Report - Business Monitor International - Industry Reports

Cote d`Ivoire Food and Drink Report

Cote d`Ivoire Food and Drink Report - Business Monitor International - Industry Reports
Cote d`Ivoire Food and Drink Report
Published Aug 06, 2016
46 pages — Published Aug 06, 2016
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Abstract:

With our Country Risk team forecasting Cote d Ivoire to be one of the fastest growing Sub-Saharan African countries over the next five years, we believe that the country s consumer sector will experience solid growth, with greater levels of investment likely to develop. Cote d Ivoire is not coming off as low a base as many West African economies; however, as incomes continue to rise over the next few years, we expect to see a much higher proportion of the population entering the market for fast-moving consumer goods. Although it lacks Nigeria s scale (a population in excess of ---mn) and Ghana s dynamic long-term economic outlook and business environment, Cote d Ivoire is expected to attract much more attention from fast-moving consumer goods firms over the next few years. Across Africa, the beer and soft drinks industries have shown themselves to be particularly sensitive to the performance of the wider economy, which is understandable given that in most cases per capita consumption levels of branded drinks are coming off a very low base. We believe that food consumption per capita will rise broadly in line with GDP per capita, and, due to the country s rising population, we forecast both food consumption and mass grocery retail sales to deliver double-digit annual growth to ----. ...While it is still much lower than Cameroon s, Cote d Ivoire s estimated per capita beer consumption of -- litres is still fairly high in comparison with many emerging African economies, including the East African Community pair of Tanzania and Uganda. Again, the headline economic view is likely to provide a platform for this to grow strongly, provided excise rates are not hiked.

...Cote d Ivoire is among Sub-Saharan Africa s fastest growing economies, supporting our view that the country s food, beverage and retail sectors have a very positive medium-term outlook. Over our five-year forecast period, an advantageous domestic demographic picture and the highly underdeveloped nature of the local market will leave tremendous room for growth. ...Over our five-year forecast period, an advantageous domestic demographic picture and the highly underdeveloped nature of the local market will leave tremendous room for growth. Despite Cote d Ivoire s economic expansion in ----, partially the result of statistical base effects (the country s post-electoral crisis caused GDP to contract by -.- in ----), we still expect to see average annual real GDP growth of close to - between ---- and ----. By our forecasts, this places Cote d Ivoire as the fourth fastest growing Sub-Saharan African country to ----, behind Sierra Leone, Mozambique and South Sudan. ...By our forecasts, this places Cote d Ivoire as the fourth fastest growing Sub-Saharan African country to ----, behind Sierra Leone, Mozambique and South Sudan. As a result, we believe that incomes will rise by almost -- , driving a nominal increase in per capita food consumption of --.- between ---- and ----.

...Cote d Ivoire s organised food retail industry remains hugely underdeveloped. More than -- of sales are still accounted for by the informal industry, with kiosks and markets dominating the landscape. ...

  
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Document ID
2049-0216
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Cote d`Ivoire Food and Drink Report" Aug 06, 2016. Alacra Store. Dec 04, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Cote-d-Ivoire-Food-and-Drink-Report-2026-1355>
  
APA:
Business Monitor International - Industry Reports. (2016). Cote d`Ivoire Food and Drink Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 04, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Cote-d-Ivoire-Food-and-Drink-Report-2026-1355>
  
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