Australia Food and Drink Report Q3 2014

Australia Food and Drink Report Q3 2014

Published: May 2014
Publisher: Business Monitor International (BMI)
Product ref: 208290
Pages: 115
Format: PDF
Delivery: Immediate download

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With job market weakness finally showing up in Australia's headline unemployment rate, we believe that private consumption growth will show significant weakness in 2014. The soft job market will weigh on wage growth, and together with high levels of household debt - at 94.4% of GDP as of end-2013 - households could begin deleveraging. While we project private consumption growth to slow to 1.3% in 2014, from an estimated 1.5% in 2013, we highlight that there is a possibility that if the global environment weakens significantly, there could be even greater job cuts, which would very likely lead to an overall contraction in private consumption. As a result, we continue to see a shift of consumption habits towards private labels in Australia over the coming years as a growing number of consumers acknowledge private labels as a very compelling alternative to proprietary branded goods.

Headline Industry Data (local currency) ¦ 2014 per capita food consumption = +0.7%; forecast to 2018 = +1.3% compound annual growth rate (CAGR). ¦ 2014 soft drinks sales = +2.1%; forecast to 2018 = +2.6% CAGR. ¦ 2014 alcoholic drinks sales = +1.9%; forecast to 2018 = +2.4% CAGR. ¦ 2014 mass grocery retail sales = +3.4%; forecast to 2018 = +4.1%.

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By sector: General drinks

By market: Australia (in Oceania)


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