Qatar Food & Drink Report Q3 2014 - New Market Study Published

From: Fast Market Research, Inc.
Published: Fri Jul 18 2014


We have raised our economic growth forecasts for Qatar and now project average annual real GDP growth of 5.7% between 2014 and the end of the decade, from 5.1% previously. Strong population growth and progress on the government's large-scale infrastructure programme will drive both construction activity and the sustained expansion of the services sector. We project private consumption growth to remain elevated over the coming years, averaging 11.0% in real annual terms between 2014 and 2016, compared with 6.2% between 2009 and 2012. The country's fast-rising resident population, on the back of high demand for foreign workers in preparation for the 2022 FIFA World Cup, will help to fuel growth in the consumer sector, including the food and drink sector.

Full Report Details at
- http://www.fastmr.com/prod/850905_qatar_food_drink_report_q3_2014.aspx?afid=301

Headline Industry Data (local currency)

* 2014 food consumption growth = +5.7%; compound annual growth rate (CAGR) 2014 to 2018 = +4.3%.
* 2014 bottled water value = +13.5%; CAGR 2014 to 2018 = +9.6%
* 2014 mass grocery retail sales = +7.2%; CAGR 2014 to 2018 = +5.4%

Key Industry Trends And Developments

Un i lever Boosting Regional Presence : Speaking in May 2014, Unilever CEO Paul Polman stated 'We are open to mergers and acquisitions opportunities in the region if they help in strengthening our portfolio. as the Middle East does make a substantial contribution to our global sales. The growth from the US and Europe may be in the range of 1-2%, whereas we see almost 80-85% coming from emerging markets. We are open to hiring more staff in this region if required and need be; we currently employ 4,600 workers. We are working on building and expanding three factories in the region - Dubai (personal care), Egypt (savoury products) and Maghreb (detergents).'

Carrefour Anchors New Luxury Mall : In summer 2014 it was announced that Carrefour has become the first retail anchor to be confirmed at the new luxury Mall of Qatar, expected to be the largest shopping area in the country when it is completed at...

The Qatar Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Qatar Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Qatar.

Key Benefits

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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