Recently published research from Business Monitor International, "France Food & Drink Report Q1 2015", is now available at Fast Market Research
[USPRwire, Fri Jan 30 2015] The French economy continues to stagnate with no signs of a recovery on the horizon. We now forecast real GDP growth to arrive at just 0.3% in 2014 and 0.7% in 2015. French households are under pressure from rising unemployment and an increasin gly bleak macroeconomic outlook and are paring back consumption as a result. 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 year-on-year (y-o-y) = +0.8%; forecast compound annual growth rate (CAGR) 2013 to 2018 = +0.8%.
* 2014 alcoholic drink value sales y-o-y = +0.4%; forecast CAGR 2013 to 2018 = +0.5%.
* 2014 soft drink value sales y-o-y = +2.6%; forecast CAGR 2013 to 2018 = +2.6%.
* 2014 mass grocery retail sales y-o-y = +2.5%; forecast CAGR 2013 to 2018 = +2.5%.
Lactalis Offers Highest Price for Arab Dairy : It was reported in November 2014 that French dairy company Lactalis International had made a new offer to purchase Egypt-based Arab Dairy which it valued at EGP66 (USD9.23) a share. The bid is higher than offers made by other potential buyers including Egyptian Pioneers Holding, Saudi Arabia-based Arrow Food Distribution and Denmark's A rla Foods, reports Ahram Online.
Beverage Leaders Agree to Reduce Sugar Content : US-based beverage companies PepsiCo and The Coca-Cola Company have agreed to reduce the amount of sugar in their beverages in France by 2015. The local units of Coca-Cola, Pepsi, Orangina Schweppes and juice bottler Refresco Gerber have entered an agreement to lower sugar in non-alcoholic beverages, according to France's agriculture ministry. 'The industry's commitment reflects its willingness to improve the range of food offered to French consumers, in the knowledge that soft drinks...
The France 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 France 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 France.
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