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: 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