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New Market Research Report: Lebanon Food & Drink Report 2014

New Food market report from Business Monitor International: "Lebanon Food & Drink Report 2014"

 

Boston, MA -- (SBWIRE) -- 01/03/2014 -- The outlook for private consumption is uninspiring. Although the latest Business Sentiment Survey from the central bank indicates a 3.4% y-o-y improvement in the headline reading in March, compared with an average increase of 0.6% in 2012, growth in the indicator has slowed steadily since 2010. According to a survey commissioned by the Qatar-based Arab Center for Research & Policy Studies, 95% of Lebanese respondents said that the current economic situation in Lebanon is 'bad' or 'very bad', the highest percentage among 14 Arab economies covered in the survey.

Headline Industry Data (local currency)

- 2014 per capita food consumption = +4.3%; forecast compound annual growth rate (CAGR) 2014 to 2017 = +3.9%.
- 2014 soft drink sales = +4.5%; forecast CAGR 2014 to 2017 = +3.7%.
- 2014 mass grocery retail (MGR) sales = +6.5%; forecast (CAGR) 2014 to 2017 = +6.0%.

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Key Company TrendsSyrian Crisis Threatens Food Security In Lebanon: Officials have warned of the risks posed by the Syrian crisis for food security in Lebanon, including disruptions to food exports and contaminated meat passing unchecked across the border, as well as inadequate food supplies for the growing refugee population and the Lebanese poor. 'Food insecurity and vulnerability to economic shocks remains a concern for the Lebanese poor,' said Robert Watkins, the U.N. permanent representative in Lebanon. 'This situation has been dramatically exacerbated with the onset of the Syrian crisis and influx of Syrian refugees, the greatest burden of which has coincided with those areas of Lebanon that were already the most vulnerable.' Lebanon has over 750,000 registered Syrian refugees.

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