Egypt Food and Drink Report - Business Monitor International - Industry Reports

Egypt Food and Drink Report

Egypt Food and Drink Report - Business Monitor International - Industry Reports
Egypt Food and Drink Report
Published Oct 08, 2016
88 pages — Published Oct 08, 2016
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Abstract:

We expect foreign investment in Egypt s food and drink sector to increase over the coming quarters as multinationals establish a strong presence to take advantage of future growth in the sector. We have already seen an uptick in investment for a year or so, with food and drink majors such as Nestle and The Coca- Cola Company announcing ambitious investment plans and the acquisition of Bisco Misr by Kellogg. ...The vast majority of expatriate Egyptians work in Saudi Arabia and the broader Gulf, where the macroeconomic backdrop remains robust despite the decline in oil prices. Although we have some concerns that governments in the Gulf Cooperation Council (GCC) are set to take an increasingly tough stance vis-a-vis foreign workers in their efforts to reduce levels of unemployment among Gulf nationals, we expect the hydrocarbons-rich region to remain a crucial support for the Egyptian economy for the time being. Egypt s core demographics continue to offer encouraging prospects for the world s major fast-moving consumer goods companies. ...Egypt s unique trade position is also crucial, with the country being tremendously attractive to large consumer goods companies operating in the Gulf region.

...Throughout the coming quarters, our MENA team expects Egyptian consumers to be affected by cuts in food and energy subsidies, which are driving inflation up and weighing on household purchasing power, and the slow recovery of the tourism sector, which employs nearly -- of the population. However, we are already seeing signs of improvement, with greater political stability starting to feed through to the tourism sector. ...However, we are already seeing signs of improvement, with greater political stability starting to feed through to the tourism sector. In line with this improving consumer outlook, we believe that Egypt s food and drink sector will offer strong growth opportunities over the medium-to-long term. Egypt s large and young consumer base, as well as market fragmentation, offer long-term opportunities in the food and drink sector. ...We previously highlighted high sugar consumption in the country (see Bright Times Ahead For Confectionery And Sweet Biscuits , November -- ----). Another bright spot will be the mass grocery retail (MGR) sector, with Egyptian consumers less reluctant to embrace new retail concepts compared to their

...BMI View: Weak consumer purchasing power on the back of fuel subsidy reforms and high inflation will constrain growth in Egypt s food and drink industry throughout our forecast period. Over our forecast period, rising investment in Egypt s mass grocery retail sector will facilitate growth in food and drink sales. ...

  
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Document ID
1749-267X
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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. "Egypt Food and Drink Report" Oct 08, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Egypt-Food-and-Drink-Report-2026-458>
  
APA:
Business Monitor International - Industry Reports. (2016). Egypt Food and Drink Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Egypt-Food-and-Drink-Report-2026-458>
  
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