"Saudi Arabia Food & Drink Report Q1 2015" Published

From: Fast Market Research, Inc.
Published: Thu Jan 01 2015

We maintain our bullish outlook for Saudi Arabia's food and drink market over our forecast period to 2018. Sales will continue to benefit from rising disposable incomes, favourable demographics, increasing urbanisation and ongoing formalisation of the mass grocery retail (MGR) sector.

Headline Industry Data

* Total food consumption (local currency) growth (y-o-y) in 2014: +8.0%; compound annual growth rate (CAGR) 2013-2018: +7.6%
* Per capita food consumption (local currency) growth (y-o-y) in 2014: +6.0% ; CAGR 2013-2018: +5.8%
* Total soft drinks value (local currency) sales growth (y-o-y) in 2014: +7.5%; CAGR 2013-2018 +7.6%
* Total mass grocery retail value (local currency) sales growth (y-o-y) in 2014: +10.3%; CAGR to 2018: +9.6%

Key Company Trends

Almarai's Net Profit Reaches SAR539.4mn In Q314: Saudi Arabia-based food company Almarai's net profit reached SAR539.4mn (USD143.8mn) in Q314, a 13.4% increase on the SAR475.6mn (USD126.79mn) recorded in the same period a year before. The figure surpassed the estimation of eight analysts polled by Reuters who had predicted the company's quarterly net profit to reach SAR520mn (USD138.63mn). In the reported period, Almarai recorded an 11.7% rise in sales to SAR3.27bn (USD871.73mn).

Full Report Details at
- http://www.fastmr.com/prod/912411_saudi_arabia_food_drink_report_q1_2015.aspx?afid=303

Savola Group Among First-Round Bidders For Americana : According to announcements in October 2014, Saudi food producer Savola Group is reportedly among the first-round bidders for a potential acquisition of Kuwait-based Americana. The average offer for the deal was valued at about KWD1.41bn (USD5bn) or about KWD3.5 (USD12.3) a share. However, the deal is likely to fetch more than USD4bn, reports Bloomberg. The firm has also received a joint bid from Kohlberg Kravis Roberts & Co (KKR) and CVC Capital Partners, while Advent International and TPG Capital have submitted a separate bid.

Soft Drinks Opportunities Not Yet Dry : With Saudi Arabia being the Gulf region's largest economy by some distance, it is no...

The Saudi Arabia 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 Saudi Arabia 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 Saudi Arabia.

Key Benefits

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