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The Canadian consumer sector offered steady growth in the years leading up to the global financial crisis and has also proved to be more resilient than that of many developed markets in the years following the economic meltdown of 2008. The country is expected to continue outperforming many of its developed market peers in the four years to 2014, which bodes well for the country's food and drink sector. However, given the country's export-reliant economy and our projections for a secondary slowdown in the world's major importers, China and the US, there are risks to the downside for this view.
Headline Industry Data
Investment In Capacity – In spite of the difficult operating conditions, Canadian food and drink firms are continuing to invest to drive future growth. In January 2010, Canada Bread announced it would invest almost US$100mn to establish a larger facility for its fresh bakery operations. Meanwhile, Canada's leading food processor Maple Leaf Foods has inaugurated a state-of-the-art culinary food innovation centre, ThinkFOOD!, in Mississauga, Ontario.
Consolidation of North American convenience – Canada's largest convenience retailer Alimentation Couche-Tard is currently a driving force behind the consolidation of the North American retail sector. In mid-2010 the firm continued this expansion drive by launching a bid for US-based Casey’s General Stores.
Key Risks to Outlook
Secondary slowdown – The key risk to our favourable demand outlook is the prospect of a second decline in US economic activity which would have major ripple effects in Canada.
Overheating housing market – A second risk is the possible overheating of the domestic housing markets. Any downwards movement could put pressure on the banking sector and weigh on consumer confidence, with negative implications for our food and drink consumption forecasts.
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Original Source : – Food and Drink Market
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Browse All Business Monitor International Market Research Reports
The Canadian consumer sector offered steady growth in the years leading up to the global financial crisis and has also proved to be more resilient than that of many developed markets in the years following the economic meltdown of 2008. The country is expected to continue outperforming many of its developed market peers in the four years to 2014, which bodes well for the country's food and drink sector. However, given the country's export-reliant economy and our projections for a secondary slowdown in the world's major importers, China and the US, there are risks to the downside for this view.
Headline Industry Data
- 2010 per capita food consumption = +1%; forecast to 2014 = +6%
- 2010 alcoholic drink sales = +3%; forecast to 2014 = +20%
- 2010 soft drink sales = +3% ; forecast to 2014 = +22%
- 2010 mass grocery retail sales = +7%; forecast to 2014 = +41%
- Key Macroeconomic Data
- 2010 Real GDP growth = +3.1% (2009, -2.5%)
- 2010 Consumer Price Index = +1.2% chg y-o-y (period average) (2009, +0.3%)
- 2010 Unemployment Rate = 7.9% (period average) (2009, 8.3%)
Investment In Capacity – In spite of the difficult operating conditions, Canadian food and drink firms are continuing to invest to drive future growth. In January 2010, Canada Bread announced it would invest almost US$100mn to establish a larger facility for its fresh bakery operations. Meanwhile, Canada's leading food processor Maple Leaf Foods has inaugurated a state-of-the-art culinary food innovation centre, ThinkFOOD!, in Mississauga, Ontario.
Consolidation of North American convenience – Canada's largest convenience retailer Alimentation Couche-Tard is currently a driving force behind the consolidation of the North American retail sector. In mid-2010 the firm continued this expansion drive by launching a bid for US-based Casey’s General Stores.
Key Risks to Outlook
Secondary slowdown – The key risk to our favourable demand outlook is the prospect of a second decline in US economic activity which would have major ripple effects in Canada.
Overheating housing market – A second risk is the possible overheating of the domestic housing markets. Any downwards movement could put pressure on the banking sector and weigh on consumer confidence, with negative implications for our food and drink consumption forecasts.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : – Food and Drink Market
Buy Now : Market Research Report
