"Croatia Food & Drink Report Q1 2015" Published

From: Fast Market Research, Inc.
Published: Tue Nov 11 2014

Croatia's economy will stagnate in 2015 and 2016. Real GDP growth will lag behind the rest of the EU, as domestic demand is constrained by a lack of progress tackling competitiveness issues. Private consumption will drag on real GDP growth over the coming quarters. Unemployment is high (around 20%), wage growth is anaemic and households have made only limited progress on deleveraging. This implies that household disposable incomes will remain under pressure for some time , constraining consumer confidence and spending.

Headline Industry Data (local currency)

* Total food consumption growth in 2014: +1.3% year-on-year (y-o-y); compound annual growth rate (CAGR) to 2018: +2.4%.
* Per capita food consumption growth in 2014: +1.7% y-o-y; CAGR to 2018 +2.8%.
* Alcoholic drinks sales growth in 2014: +1.6% y-o-y; CAGR to 2018: +3.0%.
* Soft drinks sales growth in 2014: +3.7% y-o-y; CAGR to 2018: +4.3%.
* Mass grocery retail sales growth in 2014: +3.0% y-o-y; CAGR to 2018: +3.5%.

Full Report Details at
- http://www.fastmr.com/prod/900704_croatia_food_drink_report_q1_2015.aspx?afid=302

Key Company Trends

Plodine Merger W ith Slovenian Tus : There were unconfirmed reports in summer 2014 that Croatian retailer Plodine may merge with Slovenian counterpart Tus following the Agrokor/ Mercator takeover. A possible merger would enable the two retailers to compete more effectively with Agrokor, because as a combined entity they would operate more than 130 supermarkets generating an annual turnover of EUR1bn. It is understood that a merger of the two retailers would be part of preparations for the sale of the new combined retail group to a leading European player. Italy's largest retail chain Coop has been mentioned as the likeliest future strategic partner.

Badel 1862 Search F or Strategic Partner Fails : In September 2014 Croatian alcoholic and soft drinks producer Badel 1862 announced that the sole binding offer for a strategic partner for the company had been rejected. The offer, submitted by local company Princeps Promet, was deemed by the working...

The Croatia 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 Croatia 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 Croatia.

Key Benefits

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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