Bahrain returns to the top of BMI's Middle East region Food & Drink Business Environment Ratings table for Q310. Replacing the UAE, Bahrain's position reflects the fact that despite a population of under 1mn it remains a potentially profitable market for food and drink investors, as discussed in BMI's Bahrain Food & Drink Report for Q310.
With headline average annual sales growth of 10.48% forecast to 2014, Bahrain's underdeveloped mass grocery retail (MGR) industry is expected to provide strong growth opportunities to retailers already in the market and potential new entrants. Key players such as Gulf regional giants Carrefour MAF and the EMKE-owned Lulu are likely to drive the formalisation process.
Traditional informal retail outlets continue to dominate the grocery landscape, with independent sales estimated to have contributed 52% to consolidated grocery sales in 2009. In addition to a modestly sized population, Bahraini consumers lack the spending power of consumers in other Gulf countries such as the UAE and Qatar, but the underdeveloped state of the organised retail industry suggests headline MGR sales are likely to continue registering strong annual growth beyond the 2014 forecast period.
By 2019, BMI forecasts that organised retail's contribution to consolidated grocery sales will increase to 65%, with growth largely fuelled by store expansion investment and disposable income growth momentum. Rising incomes will allow a greater proportion of the consumer base to trade up to organised retail while at the top end of the market, greater spending power will provide even greater impetus to premiumisation.
In comparison, organised retail in 2019 in the UAE - the region's most developed MGR market - is forecast to account for nearly 80% of total grocery sales. With this in mind, Bahrain's MGR industry still has a lot of growing to do before it truly realises its potential. Also taking into account the fact that Bahrain's business environment is rated by BMI's as the Middle East's most forthcoming, it could also attract Western European retailers seeking a premium market.
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Report Table of Contents:
Executive Summary
SWOT Analysis
- Bahrain Food Industry SWOT
- Bahrain Drinks Industry SWOT
- Bahrain Mass Grocery Retail SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: BMI's Core Views For The Food & Drink Industry
- Middle East Food & Drink Business Environment Ratings
- Table: Middle East Food & Drink Business Environment Ratings, Q310
- Bahrain's Food & Drink Business Environment Rating
- Macroeconomic Outlook
- Table: Bahrain Economic Activity, 2005-2014
Food
- Industry Forecast Scenario
- Food Consumption
- Table: Food Consumption Indicators, 2005-2014
- Trade
- Table: Bahrain Food, Drink & Tobacco Trade Balance, 2005-2014 (US$mn)
- Industry Developments
- Agriculture
- Key Food Processors
- Halal Food
- Table: Muslim Populations In Selected Countries, 2009
Drink
- Industry Forecast Scenario
- Soft Drinks
- Table: Soft Drinks Indicators, 2005-2014
- Industry Developments
- Market Overview
- Soft Drinks
- Alcoholic Drinks
- Hot Drinks
Mass Grocery Retail
- Industry Forecast Scenario
- Table: Bahrain MGR Sales By Format, 2005-2014
- Table: Bahrain Grocery Retail Sales By Format, 2009 & 2019 (%)
- Industry Developments
- Market Overview
- Table: Structure Of Bahrain's MGR Market - Number of Outlets, 2004-2009
- Table: Structure Of Bahrain's MGR Market - Sales Value By Retail Format, 2004-2009 (US$mn)
- Table: Structure Of Bahrain's MGR Market - Sales Value by Retail Format, 2004-2009 (BHDbn)
- Table: Value Of Sales Per Outlet, 2008e
Competitive Landscape
- Table: Key Players In Bahrain's Food & Drink Sector
- Table: Key Players in Bahrain's MGR Sector
Company Analysis
- Food
- Bahrain Flour Mills Company
- General Trading And Food Processing Company (TRAFCO)
- Kraft Foods MEA
- Delmon Poultry Company
- Drink
- Awal Dairy Company
- Mass Grocery Retail
- EMKE Group
- Fu-Com International/
- Carrefour MAF
Appendix
- Country Snapshot: Bahrain Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators
- Table: Consumer Expenditure, 1999-2004 (US$)
- Table: Average Annual Wages
Food & Drink Business Environment Ratings
- Ratings Methodology
- Ratings Overview
- Ratings System
- Indicators
- Limits Of Potential Returns
- Risks To Realisation Of Potential Returns
- Weighting
BMI Food & Drink Industry Glossary
- Food & Drink
- Mass Grocery Retail
BMI Food & Drink Methodology And Sources
- How We Generate Our Industry Forecasts
- Sources
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