India Food and Drink Report Q3 2014

India Food and Drink Report Q3 2014

Published: June 2014
Publisher: Business Monitor International (BMI)
Product ref: 215326
Pages: 152
Format: PDF
Delivery: Immediate download

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BMI View: Over the long term, the Indian economy presents one of the best growth stories globally. The Indian population is the second largest in the world and is forecast to continue to grow for decades. Real GDP will also grow at an average of around 6% to 2023, with per capita incomes rising at a similar rate. We forecast that inflation will average around 4% over the longer term, which should be a sustainable level for the economy. We maintain a bullish long-term outlook on food consumption within the country, especially as multinationals penetrate the market with greater force, and industry regulation becomes more favourable to foreign investors. However, the country will experience significant headwinds in the short term, being affected by a general emerging markets slowdown and a weak Indian rupee. Weak readings for the country's retail sales in March confirm this trend, even if the strong mandate won by the opposition Bharatiya Janata Party will help consumer and business confidence to strengthen in the coming months.

Headline Industry Forecasts
¦ 2014 food consumption growth = +7.0%; compound annual growth rate (CAGR) 2013-2018 = +7.0%.
¦ 2014 alcoholic drink local currency value sales growth = +11.7%; CAGR 2013 to 2018 = +11.0%.
¦ 2014 soft drink local currency value sales growth = +16.2%; CAGR 2013 to 2018 = +14.9%.
¦ 2014 mass grocery local currency retail sales = +14.5%; CAGR 2013 to 2018 = +12.6%.

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By market: India (in Asia), India (in BRICM)

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