France Food and Drink Report Q3 2014

France Food and Drink Report Q3 2014

Published: June 2014
Publisher: BMI Research
Product ref: 215324
Pages: 139
Format: PDF
Delivery: Immediate download

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BMI View: Since our last update, the outlook for France has shown some modest signs of early improvement, although the economy is still lagging substantially behind regional peers. The outlook for French households did not improve significantly over Q114, however, with unemployment continuing its steady ascent to record highs. While consumer confidence has risen in recent readings, we see few fundamental factors supporting this growing optimism. Food retail sales picked up momentarily in March, but weak consumer confidence indicates that the sector will continue to experience weakness in the near term. Still, the importance of the food industry for the economy and the fact that France is one of the few European countries with a growing, young population will leave food consumption growth relatively steady over the coming years.

Headline Industry Data (local currency)
¦ 2014 per capita food consumption = +0.8%; forecast compound annual growth rate (CAGR) to 2018 = +0.8%.
¦ 2014 alcoholic drink value sales = +0.4%; forecast CAGR to 2018 = +0.5%.
¦ 2014 soft drink value sales = +2.6%; forecast CAGR to 2018 = +2.6%.
¦ 2014 mass grocery retail sales = +2.5%; forecast CAGR to 2018 = +2.5%.

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By sector: General drinks

By market: France (in Europe)

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