BMI View: Nigeria's food and drink industry will contract over 2016 due to an acute decline in per capita
food spending. Over our forecast period, economically priced products will perform well as consumers
trade down price points to mitigate rising food costs. From 2 ..."
BMI View: Despite a weak economic and consumer outlook, Nigeria's food and drink industry will grow
over 2016. Over our forecast period, economically priced products will outperform as strained consumers
trade down price points to mitigate rising costs. Favourable dem ..."
BMI View: Nigeria's dependence on imported food in the midst of a weak naira has resulted in food
inflation accelerating faster than core inflation, which has weighed heavily on consumption. Despite
economic headwinds, Nigeria's food and drink industry will grow over ..."
Some of the key trends noted across Nigeria include: consumers starting to watch their sugar intake especially in western markets where low calorie variants are taking share, or consumers moving towards packaged water and flavoured waters; frui ..."
BMI View: Nigeria's economy will continue to grow at a constrained rate due to the oil price collapse. Our
growth forecasts for Nigeria in 2015 and 2016 are 3.8% and 2.7% respectively. The long-term outlook is
impacted by the difficulties of implementing policies that ..."
This is a professional and in-depth study on the current state of the Food and Drink industry.
The report provides a basic overview of the industry including definitions, classifications, applications and industry ch ..."
BMI View: We have revised our growth forecasts for Nigeria to 3.5% and 3.6% for 2015 and 2016, from
3.9% and 4% respectively, based on a greater import contraction than we had originally forecast.
Meanwhile, the long-term outlook is clouded by the fiscal and political ..."
2014 saw increases of around 3% in line with previous years and ranks second only to South Africa in the African market. Nigerian consumers do not see discount beers as trading down as they have the requisite of quality ingredients. Consumers a ..."
BMI View: Despite the smooth passing of the election, we expect economic growth in Nigeria to slow in
2015 and 2016 as the economy adjusts to the harsh reality of lower oil prices. Private consumption and
public expenditure will be particularly hard hit. We believe th ..."
BMI View: Our Africa Country Risk team does not expect weaker oil prices to have a major impact on
headline GDP growth in Nigeria, as the non-oil sector will remain the primary engine of growth over the
next few years, offsetting the weak contribution from the oil ind ..."