Food and Restaurant Food and Restaurant

The Food and Beverage (F&B) industry in Bahrain has faced significant challenges over the past few years, largely driven by economic fluctuations, rising inflation, and changes in consumer behavior. As disposable income shrinks and prices rise, consumers have become more cautious with their spending, which has impacted the growth of the F&B sector. Year-on-year growth rates have slowed, with some segments even experiencing negative growth.

Despite these challenges, the industry is adapting through innovative approaches and the integration of technology. The entry of new players, alongside the expansion of existing ones, has intensified competition, making it more crucial than ever for businesses to stay ahead of the curve. Key macroeconomic factors, including global economic trends, real estate adjustments, fluctuations in oil prices, and shifts in disposable income and inflation, have all contributed to the complex landscape that the F&B industry must navigate.

Government initiatives aimed at positioning Bahrain as a manufacturing hub have attracted global players to establish food production facilities in the Kingdom. These efforts are helping to bolster the local F&B industry, but challenges remain. From changing demographics and food safety concerns to cost control, sustainability, and the rising demand for locally sourced products, the industry is continuously evolving to meet these demands.

Grant Thornton Bahrain’s Expertise in the F&B Industry

At Grant Thornton Bahrain, we leverage our deep industry knowledge and local market expertise to help F&B businesses thrive in this dynamic environment. We work closely with manufacturers, distributors, and retailers to develop strategies that promote growth and create value, even in the face of significant challenges. Whether you need assistance with corporate finance, transaction advisory services, valuation, assurance, tax and regulatory compliance, forensic investigations, accounting & outsourcing, or internal audit and controls, our dedicated sector team is here to support you.

Key Services We Offer

Corporate Finance: Navigating the complexities of mergers, acquisitions, and strategic partnerships is critical in the competitive F&B sector. We provide expert guidance to help you maximize value and achieve your business objectives.

Transaction Advisory Services: Our team offers comprehensive support during critical transactions, ensuring that you are well-positioned to make informed decisions that align with your strategic goals.

Valuation: Understanding the true value of your assets is essential for growth. We provide accurate, reliable valuation services tailored to the unique needs of the F&B industry.

Assurance: In an industry where trust and reputation are paramount, we offer assurance services that give stakeholders confidence in your business's financial health and compliance with regulations.

Tax and Regulatory Compliance: Navigating Bahrain’s tax and regulatory landscape can be challenging. Our experts help you stay compliant while optimizing your tax position.

Forensics: When challenges arise, our forensic team is ready to assist with investigations and dispute resolution, protecting your business from potential risks.

Internal Audit and Controls: Strong internal controls are essential to safeguard your business. We provide tailored audit services that help you manage risks and improve operational efficiency.

Accounting and Outsourcing Services: Managing the financial aspects of your business can be complex and time-consuming. Our accounting and outsourcing services offer efficient and reliable solutions to streamline your operations, from bookkeeping and payroll management to financial reporting and compliance. By outsourcing these functions, you can focus on core business activities, while we ensure accuracy and adherence to regulatory requirements.

Adapting to a Dynamic Market

The F&B sector in Bahrain is also witnessing significant consolidation through strategic partnerships, inbound investments, and mergers and acquisitions. Companies are increasingly seeking to access new markets, talent, intellectual property, and technology through both organic and inorganic growth strategies. At Grant Thornton Bahrain, we provide a robust platform to support these endeavors, enabling companies to focus on growth while we manage the complexities.

Supporting Your Growth

Our sector-focused practitioners in assurance, advisory, tax, BRS, IT, Corporate & Legal, accounting, and outsourcing services are well-equipped to meet all your business needs. We aim to be your advisor of choice, helping you with international expansion plans and keeping you up to date with the latest trends and innovations in the F&B industry.

At Grant Thornton Bahrain, we understand the unique challenges facing the F&B sector, and we are committed to providing best-in-class services that deliver real value and support your long-term success.