Overall Outlook: The Lebanese F&B Industry
Business Monitor International (BMI hereafter) released its report on Lebanon’s Food and Beverages sector (F&B), where it analyses and projects the industry’s performance for the period 2018 to 2022. In a nutshell, BMI explains that Lebanon had faced a major political headwind in November 2017 when the Resignation Crisis of the Lebanese Prime Minister Saad Hariri temporarily jeopardized consumer confidence and thus spending on food and drinks.
Nonetheless, in its 2018 industry outlook, the research firm confirms that the withdrawal of the PM’s resignation in the aftermath eased tensions on the political front. BMI expects investors to regain confidence over the 5-year outlook to 2022, backed by a projected rise particularly in the local agricultural segment of the food market, an increase in the consumption of non-alcoholic drinks namely hot drinks alongside a new emerging demand on fruit juice, as well as a rise in alcoholic drinks sales.
For the sections on Food, Drinks, and the full report, kindly follow the link below:
BMI Optimistic Outlook on Lebanon’s F&B Market