Naperville, IL -- (SBWire) -- 08/01/2013 --Reportstack, provider of premium market research reports announces the addition of Nigeria Food and Drink Report Q3 2013 market report to its offering
We continue to maintain our positive long-term outlook on Nigeria's food and drink sector,
despite some of the obstacles in the near term. Ongoing instability in the country's northern regions, and
high rates of inflation, which increased 10% year-on-year in April 2013, according to the National Bureau
of Statistics, is having a negative impact on consumer confidence. Nevertheless, there is no doubt of the
tremendous untapped potential of this emerging market. A burgeoning middle class has accompanied
economic growth, and this group's increasing spending power is being targeted by multinationals who are
continuing in invest in the country's food and drink sector. While economic growth in 2013 will continue to
be constrained by the headwinds that characterised much of 2012, including security concerns and the
lingering effects of widespread flooding, the long-term outlook remains very bright. We are forecasting
average annual real GDP growth of 7.1% over the next 10 years, and expect the Nigerian government to
prioritise investment in vital infrastructure over our forecast period and beyond.
Headline Industry Forecasts
? Per capita food consumption (local currency) 2013 = +8.51%; five-year compound annual growth rate to
2017 = +8.53%
? Beer volume sales 2013 = +7.69%; five-year compound annual growth rate to 2017 = +8.22%
? Mass grocery retail sales (local currency) 2013 = +31.20%; five-year compound annual growth to 2017 =
+36.11%

To view the table of contents for this market research report please visit
http://www.reportstack.com/product/138467/nigeria-food-and-drink-report-q3-2013.html

Contact:
Roger Campbell
contactus@reportstack.com
Naperville
Illinois
United States
Ph: 888-789-6604
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