Fast Market Research

New Market Study Published: Kuwait Food & Drink Report Q1 2014

Fast Market Research recommends "Kuwait Food & Drink Report Q1 2014" from Business Monitor International, now available


Boston, MA -- (SBWIRE) -- 01/07/2014 -- We expect continued steady growth across Kuwait's food and drink sector, with some subsectors (e.g. soft drinks, snack foods) performing particularly strongly. The country's economy should continue to grow moderately, with our real GDP forecast for 2014 standing at 2.6% and increasing at a slightly faster rate in 2015. We also expect private consumption activity to remain buoyant and forecast growth of 4.0% for this year and for 2015. Progress on the Kuwait Development Plan is proceeding slowly but should impact positively on both the oil and non-oil sectors, increasing Kuwait's economic stability and scope for expansion.

Headline Industry Data (local currency)

- 2014 food consumption growth = +2.5%; forecast compound annual growth rate (CAGR) for the five year period to 2017 = +2.4%
- 2014 per capita food consumption growth = -0.7%; forecast CAGR 2013 to 2017 = 0.0%
- 2014 soft drinks value sales growth = +25.2%; forecast CAGR 2013 to 2017 = +19.2%
- 2014 mass grocery retail sales growth = +3.2%; forecast CAGR 2013 to 2017 = +2.6%

View Full Report Details and Table of Contents

Key Industry Developments

Kout Acquires Little Chef in the UK: In summer 2013, Kuwait based Kout Food Group acquired the UKbased Little Chef chain of roadside eateries from private equity firm RCapital in a deal thought to be worth about GBP15mn. Kout already runs more than 40 Burger King and KFC outlets in the UK, as well as the Maison Blanc patisserie chain.

Carrefour Sells Stake in JV to Majid Al-Futtaim: In a surprise move in May 2013, Carrefour sold its 25% stake in its Middle East and North Africa (MENA) joint venture to its partner Majid Al-Futtaim (MAF) for AED2.5bn (EUR530mn). Under the agreement, MAF will retain a franchise agreement with Carrefour until 2025, so the stores will retain the popular Carrefour banner until then.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.

Browse all Food research reports at Fast Market Research

You may also be interested in these related reports:

- Colombia Food & Drink Report Q1 2014
- Singapore Food & Drink Report Q1 2014
- United Arab Emirates Food & Drink Report Q1 2014
- Brazil Food & Drink Report Q1 2014
- Chile Food & Drink Report Q1 2014
- United Kingdom Food & Drink Report Q1 2014
- Croatia Food & Drink Report Q1 2014
- Germany Food & Drink Report Q1 2014
- Czech Republic Food & Drink Report Q1 2014
- Australia Food & Drink Report Q1 2014