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: Kuwait benefits from a large and growing wealthy consumer base, which will maintain positive
spending power despite economic pressures. Lower food inflation will further boost consumer spending,
increasing the demand for high-value goods. The country's large Muslim population will support growth
within the non-alcoholic beverage segment stemming from rising prospects for innovation and
premiumisation. The MGR sector remains dominated by government-backed cooperative formats, though
we expect rising need for convenience will encourage modern outlets expansion.
Key Trends & Industry Developments
? Demand for staple foods will remain resilient in Kuwait, with rice and meat sales driving growth.
? Growing investment by foreign companies will boost growth in Kuwait's nearly mature Hot Drinks
? We expect an increase in investment into supermarkets and hypermarkets in Kuwait, as consumer
spending rises and consumers have more purchasing power for premium products.