Algeria, Indonesia, Kazakhstan, Serbia and Singapore Food and Drink Report Q4 2016; New Report Launched

Throughout 2016, Algeria's food and drink market will come under pressure stemming from rising food inflation as well as weaker economic growth. We have revised down our food and non-alcoholic beverage sales growth owing to lower consumer spending. Our outlook for the MGR sector will be bolstered by growing investment in the development of formal retail space, driven by rising demand from the large urban and youth population.

Key Trends & Industry Developments

• Food inflation increased sharply from 0.08% in March to 6.48% in June 2016, while GDP growth slows by 1.9% throughout 2016 - down from 3.8% in 2014. As a result we expect consumer spending to gradually decline and have revised down our food sales forecasts.
• Bottled water sales will experience strong growth owing to their low base, driven by growing healthconsciousness and rising per capita incomes.
• The formal retail sector will remain underdeveloped, and pressure from a growing urban population will attract investment into mass grocery retail.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/algeria-food-and-drink-report-q4-2016

Indonesia's food and drink industry will experience robust growth on the back of rising incomes, positive tourism sector growth in the tourism sector and an expanding mass grocery retail sector. Progressive government initiatives and a positive public infrastructure outlook will drive mass grocery retail sector development. However, the deterioration of the government's fiscal position poses a significant downside risk to our outlook.

Key Trends & Industry Developments

• Rising incomes will support growing demand for a wider product range and higher-value items, while consumption will benefit from subdued inflation and supportive monetary policy.
• Alcohol sales have been hit by the government's decision to ban the sale of alcohol in convenience stores across the country and to raise import duties on alcohol.
• Indonesia's organised mass grocery retail sector will continue to expand rapidly at the expense of independent grocery stores and traditional open air markets.
• Progressive government initiatives towards economic openness will support growth in the food retailing sector.

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As the low oil price environment shows signs of early recovery, we expect Kazakhstan's food and drink sector to expand gradually in the short-term followed by meaningful growth over the back end of our forecast period. The country's MGR sector remains predominantly informal, and thus holds vast opportunities for investment given the large youthful consumer base and steadily rising incomes.

Latest Updates & Industry Developments

• French supermarket chain Carrefour entered the Kazakh market in February 2016 with plans to open a further 15 outlets by 2020.
• Kazakhstan has endured a turbulent economic period over the last two years as a result of the low oilprice environment. However, with oil prices rebounding and foreign investment increasing, we forecast a return to strong growth levels from 2018 onwards.
• China plans to invest heavily in Kazakhstan's transport infrastructure as part of its 'One Belt, One Road' Initiative, opening up long-term opportunities for major retail players given that it will vastly improve distribution channels.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/kazakhstan-food-and-drink-report-q4-2016

Serbia's food and drink industry will recover modestly throughout 2016 on the back of slower fiscal consolidation. We forecast private consumption real growth to return to positive territory throughout 2016, which bodes well for sales growth. Nevertheless, continued austerity measures will constrain more pronounced growth in the food and drink industry throughout our forecast period up to 2020.

Latest Updates & Industry Developments

• The relaxation of austerity measures will bode well for Serbia's food and drink industry.
• Food consumption value (local currency) sales growth y-o-y in 2016: 3.9%; compound annual growth rate (CAGR) 2015-2020: 5.9%.
• Per capita food consumption value (local currency) sales growth y-o-y in 2016: 4.4%; CAGR 2015-2020: 6.3%.
• Alcoholic drinks value (local currency) sales growth y-o-y in 2016; 2.1%; compound annual growth rate (CAGR) 2015-2020: 5.0%.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/serbia-food-and-drink-report-q4-2016

Singapore's food and drink industry will experience modest growth throughout our forecast period; growth will be supported by existing high levels of spending and a well developed mass grocery retail sector. Price consciousness among consumers will limit the scope of premiumisation across the board despite relative consumer affluence. The mass grocery retail sector will benefit from the expansion of premium food retailing and the uptick in online retailing, however, market maturation will limit growth throughout our forecast period.

Key Trends & Industry Developments

• Food sales (local currency) growth y-o-y in 2016: +3.7%; compound annual growth rate (CAGR) 2015-2020: +4.9%
• Per capita food sales (local currency) growth y-o-y in 2016: +2.0%; CAGR 2015-2020: +3.5%.
• Convenience is a key driver of consumer choices.

For more information Visit at: http://www.marketresearchreports.com/business-monitor-international/singapore-food-and-drink-report-q4-2016