Just Published: "United Kingdom Food & Drink Report Q1 2015"
Fast Market Research recommends "United Kingdom Food & Drink Report Q1 2015" from Business Monitor International, now available
[USPRwire, Tue Jan 06 2015] The UK economy is on track to be one of the fastest growing developed states in 2014, and certainly the fastest growing among the G7. Given the strength of the first and second quarter GDP readings, along with evidence from higher frequency data which suggest no let up in the rate of economic expansion, we have nudged up our full-year 2014 real GDP growth forecast to 3.1% from 2.9% previously. However, we continue to warn that without a recovery in fixed investment and real wages, the current growth burst will be unsustainable. In fact, most of the recent boom in consumer spending has been encouraged by rising property prices in London and other localised areas, which is unsustainable for retailers. As a result, we are cautious about growth in the food and drink area, especially in value terms as competition for value and consumer's more careful spending habits will limit potential for the industry in the near term.
* 2014 total food consumption growth (local currency terms): +3.0%; compound annual growth rate (CAGR) 2013 to 2018: +4.2%.
* 2014 per capita food consumption growth (local currency terms): +2.4%; CAGR 2013 to 2018: +3.6%.
* 2014 total soft drinks value sales (local currency) growth: +4.8%; CAGR 2013 to 2018: +4.9%.
* 2014 alcoholic drinks value sales (local currency) growth: +2.0%; CAGR 2013 to 2018: +2.3%.
* 2014 mass grocery retail (MGR) sales (local currency) growth: +2.2%; compound annual growth rate (CAGR) 2013 to 2018: +2.6%.
Key Company Trends
Muller Snaps Up Dairy Crest Dairies: In November 2014 Muller UK & Ireland announced the acquisition of the dairy operations of Dairy Crest. Muller believes that combining Muller Wiseman Dairies and Dairy Crest's dairies operations will be beneficial as the businesses have largely complementary footprints and the acquisition will provide an opportunity to achieve material cost savings and efficiency improvements.
United Biscuits Acquired by Yildiz : In November...
The United Kingdom Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI's United Kingdom Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in United Kingdom.
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