Fast Market Research recommends "China Food & Drink Report Q1 2015" from Business Monitor International, now available
[USPRwire, Tue Dec 16 2014] In China, we forecast private consumption to grow by an average of 8.1% out to 2018, as Beijing tries to re-balance the economy towards consumption and away from investment. Although this will be a very difficult balancing act, given that it could result in a sharp slowdown in overall growth, the Xi Jinping and Li Keqiang administration is somewhat more hawkish than previous leaders and will continue to press ahead with economic rebalancing. Important policies include raising minimum wages, liberalising the financial sector as well as the implementation of safety nets such as unemployment benefits and insurance.
Headline Industry Data
* 2014 food consumption local currency = +9.7%; compound annual growth rate (CAGR) forecast between 2013 and 2018 = +9.3%.
* 2014 beer volume sales = +8.9%; CAGR forecast between 2013 and 2018 = +8.7%.
* 2014 soft drinks volume sales = +7.4%; CAGR forecast between 2013 and 2018 = +6.8%.
* 2014 mass grocery retail sales (local currency) = +9.0%; CAGR forecast between 2013 and 2018 = +9.0%.
International Players Capitalising On Coffee Boom : China's underdeveloped coffee category will experience strong growth and outperform within the broader drinks sector over the next five years, fuelled by a large consumer base and a rising middle class. We forecast coffee sales to grow at a compound annual rate of 9.8% in volume and 12.7% in value (local currency) over 2013-2018. Over our forecast period to 2018, coffee sales will grow faster than sales of alcoholic drinks, carbonated soft drinks and tea, illustrating opportunities in the coffee category.
No Green Shoots Yet In Premium Spirits : France's Remy Cointreau has recently reported results for the six-month period to September 2014; with most eyes on China, we note that the market for high end spirits remains compressed although declines in sales are starting to slow primarily due to base effects. Remy is a market leader in China's erstwhile hugely profitable and...
The China 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 China 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 China.
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