DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e29e5d/bahrain_food_and_d) has announced the addition of the "Bahrain Food and Drink Report Q4 2011" report to their offering.
The Bahrain Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bahrain's food and drink industry.
The recent political tensions in Bahrain will weigh on consumer confidence, especially as there is no resolution in sight. Lacking a lasting political resolution to the current crisis, the threat of large-scale unrest will remain present, and the country's political climate is expected to remain tense through the remainder of 2011.
This will have an impact on economic growth, and the report forecasts Bahrain's economy contracting 1.6% in 2011 as the ongoing political crisis results in weaker consumption and investment patterns, and harms the country's all-important tourism and financial services industries. For the most part, higher oil prices and an increase in government spending (which will be supported by the US$10bn in foreign aid pledged by other Gulf states in February) will be crucial to preventing a more pronounced decline in headline growth.
Beyond 2011, BMI has lowered the five-year growth forecasts and now see real GDP expanding by an average 4.1% through 2015, compared to previous forecast of 5.4%. The longer-term outlook is broadly positive beyond 2011, assuming oil prices do not collapse and political stability is eventually restored. That said, the onset of violent unrest at the start of 2011 has raised a host of questions surrounding Bahrain's long-term outlook, with concerns growing that the country's financial services and tourism sectors will suffer heavily.
Headline Industry Data:
- 2010 per capita food consumption = +10.9%; forecast to 2015 = +47.6%
- 2010 soft drink value sales = +22.9%; forecast to 2015 = +29.8%
- 2010 mass grocery retail sales = +20%; forecast to 2015 = +74.8%
Companies Mentioned:
- Awal Dairy Company
- Bahrain Flour Mills Company
- Carrefour MAF
- Delmon Poultry Company
- EMKE Group
- Fu-Com International/Gant
- General Trading And Food Processing Company (TRAFCO)
- Kraft Foods MEA
For more information visit http://www.researchandmarkets.com/research/e29e5d/bahrain_food_and_d