Heineken is expanding its presence in the SSA region through its latest investment in building a brewery in Mozambique that will be operational in 2019. Mozambique scores poorly in our Risk/Reward Index for the potential of the beer industry, with a weak consumer profile unable to spend strongly on a per capita basis. However, its strong logistics development is attractive for Heineken as it...
As the healthification trend continues across developed markets, beverage manufacturers are responding by launching new products with lower sugar or calorie content while also diversifying their drinks portfolio. Coca-Cola is the latest company stepping up its efforts to diversify its portfolio by launching 'Coca-Cola Stevia No Sugar', sweetened only with the stevia leaf as the company responds...
A wealthy consumer base, that is embracing hypermarket offerings is driving sales growth for the likes of Carrefour and will be a key reason behind the company strengthening its operations in the Middle-East by acquiring G?ant hypermarkets, expanding its presence in UAE, Kuwait and Bahrain.
MENA ranks fourth out of six regions globally in our Food and Non-Alcoholic Drinks Risk/Reward Index. The Middle Eastern sub-region remains the outperformer, occupying the top five MENA spots. We highlight Morocco as a North Africa bright spot, coming in in sixth place in the region and first in North Africa, outperforming two of the GCC markets.
Despite the financial difficulties faced by the East African region's largest grocery retailer Nakumatt, this does not dampen our view on the region's consumer spending potential. Kenya, in particular, remains our top consumer market in East Africa, supported by rising consumer spending growth and growing investment from international retailers.
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Thanks, BMI Research