"Australia Food & Drink Report Q1 2015" Published

From: Fast Market Research, Inc.
Published: Mon Dec 01 2014

Although we are revising up our real GDP growth forecast for Australia for 2014 to 2.8% from 2.3% previously, we remain below consensus, and expect growth to slow to 2.3% in 2015 as the strong construction picture struggles to counteract the weakness in external demand.

High levels of household debt, threats of higher taxes, softening job market and income outlook, together with possible declines in house prices lead us to maintain our subdued outlook for private consumption for 2014. As a result, we continue to see a shift of consumption habits towards private labels in Australia over the coming years as a growing number of consumers acknowledge private labels as a very compelling alternative to proprietary branded goods.

Headline Industry Data (local currency)

* 2014 per capita food consumption = +0.8%; forecast to 2018 = +1.3% compound annual growth rate (CAGR).
* 2014 soft drinks sales = +2.1%; forecast to 2018 = +2.6% CAGR.
* 2014 alcoholic drinks sales = +1.9%; forecast to 2018 = +2.4% CAGR.
* 2014 mass grocery retail sales = +3.4%; forecast to 2018 = +4.3%.

Full Report Details at
- http://www.fastmr.com/prod/904198_australia_food_drink_report_q1_2015.aspx?afid=302

Key Industry Trends And Developments

Heinz Cuts Jobs in Australasia : In autumn 2014 global food company Heinz announced that over 240 jobs in Australia, New Zealand and Papua New Guinea are to be axed as Heinz implements a "streamlined" structure. The company said that the move would allow it to become "more flexible and efficient" in "extremely competitive local and global markets".

Coca-Cola Amatil Launches Smaller Cans: In autumn 2014 Australia-based beverage company Coca-Cola Amatil (CCA) launched smaller 250 millilitre 'handbag-size' cans for AUD2 (1.74) in Australia, in a move to boost sales and promote a healthier image. The cans will be sold at convenience stores and petrol outlets across Australia. The smaller cans are part of the company's commitment to a 'healthier Australia', according to the company. CCA believes that the small sized cans of Coca-Cola, Sprite and Fanta...

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Greece Food & Drink Report Q1 2015
- Croatia Food & Drink Report Q1 2015
- Malaysia Food & Drink Report Q1 2015
- Bulgaria Food & Drink Report Q1 2015
- Caribbean Food & Drink Report Q1 2015
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »