United States Food and Drink Report Q3 2014

United States Food and Drink Report Q3 2014

Published: July 2014
Publisher: BMI Research
Product ref: 217133
Pages: 148
Format: PDF
Delivery: Immediate download

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Despite a fairly weak start to the year across a range of macroeconomic indicators, we have revised down our forecast for US real GDP growth to 2.4% in 2014 from 1.9% in 2013. We expect a further sustained increased in house prices as well as improving income to make personal consumption expenditure (PCE) growth the primarily driver of US growth. 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 = +4.1%. ¦ 2014 alcoholic drinks value sales = +3.7%; CAGR to 2018 = +3.5%. ¦ 2014 soft drink value sales = +3.1%; CAGR to 2018 = +1.9%. ¦ 2014 mass grocery retail sales = +2.9%; CAGR to 2018 = +2.5%.

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By sector: General drinks

By market: United States (in North America)

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