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April 25, 2016

BRF to take full control of Oman’s Al Khan Foodstuff

BRF has said that it plans to take full control of Oman-based frozen food distributor Al Khan Foodstuffs (AKF). 

BRF has said that it plans to take full control of Oman-based frozen food distributor Al Khan Foodstuffs (AKF). 

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

The Brazilian meat group already holds a 40% stake in AKF. BRF did not reveal financial details of the deal, but the company did say that the transaction gives AKF an enterprise value of US$63m. 

“The transaction is in line with BRF’s strategic plan for globalising the company, accessing local markets, strengthening BRF’s brands, distribution and expansion of its product portfolio around the globe,” the company said in a regulatory filing. 

BRF has been expanding its international presence via M&A and organic expansion. Most recently, the company announced the opening of an office in Malaysia to support growth in Asian and Middle Eastern markets.

BRF’s 2015 revenue was boosted by a strong top line performance in its Middle East and Africa reporting segment, where sales increased 25.9% on 2014’s levels. The company is strengthening direct distribution in the Gulf region, which helped the company gain a bigger portion of the profitability in the chain and to reduce the volatility of prices in the region.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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