United Kingdom Food and Drink Report Q2 2015
Includes 3 FREE quarterly updates
NEW YORK, March 26, 2015 /PRNewswire/ -- BMI View:
We believe the UK's economic recovery will continue in 2015 and beyond, powered by a recovery in real wages and further improvements in labour market conditions. Although real GDP growth rates will decelerate slightly over the coming quarters, the UK will likely outperform most regional peers. However, we continue to warn that without a recovery in fixed investment and real wages, the current growth burst will be unsustainable. As a result, we remain cautious about growth in the food and drink industry, especially in value terms, as competition for value and consumers' more careful spending habits will limit potential for the industry in the near term.
Headline Industry Data (local currency)
- 2015 total food consumption growth: +3.0%; compound annual growth rate (CAGR) 2014 to 2019: +5.0%.
- 2015 per capita food consumption growth: +2.4%; CAGR 2014 to 2019: +4.4%.
- 2015 total soft drinks value sales growth: +2.8%; CAGR 2014 to 2019: +3.7%.
- 2015 alcoholic drinks value sales growth: +2.0%; CAGR 2014 to 2019: +2.4%.
- 2015 mass grocery retail (MGR) sales growth: +2.4%; CAGR 2014 to 2019: +3.0%.
Read the full report: http://www.reportlinker.com/p0181238-summary/view-report.html
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