The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: 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.