United States Food and Drink Report Q2 2014

United States Food and Drink Report Q2 2014

Published: April 2014
Publisher: BMI Research
Product ref: 200654
Pages: 121
Format: PDF
Delivery: Immediate download

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The US economy picked up steam in the second half of last year, in line with our view that the economic recovery would find firm footing in 2013 and accelerate into 2014. The broad trends supporting stronger real personal consumption expenditure (PCE) growth remain in place, and as such we expect real PCE growth to continue to accelerate in 2014. Consumer deleveraging is also continuing, meaning that a future upswing in credit will also accelerate private consumption. All these will benefit food & drink consumption growth, but we are not yet convinced that the industry will see growth recovering to levels seen before the crisis. This will favour growth in lower value segments of the food and drink sector (canned and beer) as well as convenience and discount stores over normal retail stores in 2014.

Headline Industry Forecasts (local currency) ¦ 2014 per capita food consumption = +2.0%; five-year compound annual growth rate (CAGR) to 2018 = +2.6%. ¦ 2014 alcoholic drinks value sales = +3.6%; CAGR to 2018 = +3.4%. ¦ 2014 soft drink value sales = +3.1%; CAGR to 2018 = +2.9%. ¦ 2014 mass grocery retail sales = +2.9%; CAGR to 2018 = +2.8 %.

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By market: United States (in North America)

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