The global biomedical refrigerators and freezers market is slated to magnify at a strong CAGR of 4.2% over the period amid 2016 and 2024. The market, which was worth $2.91 billion in 2015, is predicted to upswing to $4.28 billion by 2024…
BMI View: Ghana's food and drink outlook will grow increasingly favourable over 2016 and 2017 on the
back of positive economic recovery. Consumer spending will benefit from rising economic activity, boosting
demand for formalisation. We believe the MGR sector will continue to attract positive investment from
international retailers seeking new growth markets.
Key Trends & Industry Developments
? We expect an uptick in non-essential foods demand will drive investment from multinational foodprocessing
companies in Ghana.
? Positive investment in the low-cost beer segment will spur upward consumption in the formal sector as
affordability grows as a key growth driver.
? We expect rising disposable incomes to drive consumer spending and boost demand for formalisation of