Now Available: Philippines Food & Drink Report 2015
Recently published research from Business Monitor International, "Philippines Food & Drink Report 2015", is now available at Fast Market Research
[USPRwire, Fri Jan 23 2015] While the Philippine economy continues to expand at a healthy rate and despite its expanding base of young consumers, we believe that the country offers limited potential in its grocery and food and drink markets. Multinational investment has been slow to penetrate the market, which in itself continues to present numerous challenges to players in the sectors. Issues such as widespread poverty, highly uneven income distribution, under - developed mass grocery retail networks and high levels of unemployment will continue to weigh on the consumer outlook.
Headline Industry Data (local currency)
* 2014 per capita food consumption = +4.68%; compound annual growth rate (CAGR) forecast 2013 to 2018 = +4.46%
* 2014 alcoholic drinks value sales = +7.97%; CAGR growth forecast 2013 to 2018 = +7.03%
* 2014 soft drinks value sales = +7.89%; CAGR growth forecast 2013 to 2018 = +7.89%
* 2014 mass grocery retail sales = +7.39%; CAGR growth forecast 2013 to 2018 = +7.03%
Del Monte Pacific Enters New Joint Venture And Proposes Share Sale : Philippine food and beverage company Del Monte Pacific Limited (DMPL) disclosed in December 2014 that it was to enter into a joint venture (JV) with two Europe based companies. The JV will result in the construction of a facility in the Philippines that will preserve the quality and shelf life of fruit and vegetables. Spain based Nice Fruit SL will provide the technology that preserves the nutrients and integrity of the produce handled at the plant. Nice Fruit SL will be the majority stakeholder in the JV with 51% and DMPL will have a 35% stake. UK based Ferville Ltd, while being a minority financial investor, was instrumental to developing the JV and will hold a 14% interest.
Century Pacific Completes Successful IPO : The initial public offering (IPO) of Philippines-based food company Century Pacific was oversubscribed by 3.5 times the base offering and raised PHP3.2bn in fresh capital, reported the...
The Philippines 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 Philippines 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 Philippines.
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