Browse complete The UK Food, Drink and Grocery Market Report

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Evolution Insights, the shopper marketing consultancy, is proud to announce its new publication: ‘Food, Drink and Grocery 2010: Essential Insight into the UK food, drink and grocery market’.

Food, Drink and Grocery 2010 presents a concise overview of the food, drink and grocery market in the UK, including market size and performance data and analysis of the major retailers

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Browse the complete Report on: Serbia Food and Drink Report Q4 2010

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While the Serbian economy has emerged from recession, we expect 2010 to remain challenging to the consumer, not least because of the weak dinar and high unemployment rates. Consequently, we continue to regard Serbia as one of the least attractive food and drink markets in emerging Europe in the current year, although we conceded that its potential is more likely to be realised over the longer term. Political uncertainty will also serve to discourage foreign direct investment (FDI) – albeit only to a certain degree – as European companies in particular remain committed to expansion in less developed markets, despite the risks.
Headline Industry Data

• 2010 per capita food consumption: +1.28%; forecast to 2014: +15.08%
• 2010 alcoholic drinks sales: +3.25%; forecast to 2014: +16.15%
• 2010 soft drinks sales: +4.13; forecast to 2014: +21.03%
• 2010 mass grocery retail sales: +1.77%; forecast to 2014: +27.68%

Key Company Trends

Consolidation Across the Board – While the past few months have not witnessed any formal agreements in this direction, Croatian food conglomerate Agrokor and Belgian mass grocery retail (MGR) operator Delhaize appear to be eying the respective Serbian markets. Privatisation initiatives undertaken by the Serbian authorities, in addition to the challenging economic environment and high unemployment rates, will continue to provide key drivers towards industry consolidation across both food and beverages, and MGR industries. While the benefits of involvement in the Serbian market may not be immediate, the need for expansion in order to continue growing profits and staving off competition will continue to stimulate foreign interest in the country.


Key Risks to Outlook

Drag of the Regional Economies – While the worst seems to be over, risks to Serbia's recovery remain very much in place. For one thing, the regional economy remains weak, with many of Serbia's peers and trading partners struggling to emerge from recession.
Furthermore, the Serbian dinar has depreciated markedly since late-2008, which has negatively affected households that took out foreign currency loans as well as the affordability of imported foods and beverages


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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.


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Browse the complete Report on : China Food and Drink Report Q4 2010


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The long-term outlook for China’s food and drink sector remains strong, as reflected in the continued international interest and investments in the sector. However, the shorter-term outlook is less positive due to brewing economic difficulties. We believe that cracks are beginning to appear in the Chinese economy, which should grow in magnitude over the coming months. Inflation is heading higher and economic activity growth is heading lower, strengthening our case for a slowdown in economic activity in China as monetary policy is tightened further. We expect Chinese overheating to lead to a secondary slowdown in 2011, and are forecasting real GDP growth of 7.5% in 2011, with growth to remain around this level thereafter over the medium term, slowing industry growth.
Headline Industry Data
2010 per capita food consumption = +11.9%; forecast to 2014 = +54.1%
2010 beer volume sales = +13.7%; forecast to 2014 = +74.9%
2010 soft drink sales = +12%; forecast to 2014 = +65.4%
2010 mass grocery retail sales = +12%; forecast to 2014 = +64.2%

Key Company Trends
Soft Drinks Investments – Foreign investments continue to poor into China’s soft drinks industry, fuelling
the sector’s bullish growth. In May 2010 US soft drinks behemoth PepsiCo unveiled a US$2.5bn threeyear spending plan for the Chinese beverage market following the completion of its US$1bn two-year China investment package, due to finish later this year. With its latest investment package, PepsiCo will look to fully exploit the country’s vast opportunities while minimising the risks to which it is exposed. As well as expanding its soft drink and snack food production capacity, the company will also invest heavily in agricultural development, thus securing a degree of valuable control over its supply chain. PepsiCo will also invest in the development of beverages specifically designed for local tastes.
Retail Acquisitions – In July 2010 retail giant Carrefour was successful in acquiring a controlling 51% stake in Hebei-based hypermarket operator Baolongcang for an undisclosed sum. With the acquisition of Baolongcang coinciding with Carrefour's 159th Chinese hypermarket opening, the company clearly retains every intention of maintaining its position as the country's dominant international retailer. As is usually the case when a store networks come up for sale, competition for the Baolongcang network was fierce, with Vanguard, the grocery retail operation of Hong Kong-listed China Resources Enterprises, local firm WuMart and South Korea's Lotte Shopping, all believed to be in the running for the acquisition. Such attention for a single province retailer with just 11 stores speaks volumes about Chinese MGR’s long-term potential.

Key Risks to Outlook

Double-Dip Ahead? – BMI expects a secondary slowdown in the Chinese economy, coupled with elevated risks of a bursting of the country's property bubble. In addition, brewing inflationary pressures could weigh on Chinese consumption as shoppers tighten their purse strings and restrict spending on consumer goods. Over the medium term, we are looking at a slight erosion of China's export competitiveness as a stronger yuan and increasing wage pressures take effect.
Food Safety Still A Concern – The local food and beverage industry continues to be plagued by problems such as poor food hygiene, and inferior safety standards. Over this past quarter alone, there were several incidents of authorities seizing large quantities of milk powder laced with melamine.

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Browse the complete Report on : Hungary Food and Drink Report Q4 2010


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Since establishing itself as a fairly high-spending and business-friendly market for Western food, drink and retail companies up until 2006-2007, Hungary has lost major ground to the Czech Republic, Poland and Slovakia in the food and drink sector. With the Hungarian food and drink industry already fairly well developed, and lacking scope for major long-term growth – especially given the modest population of about 10mn - established multinational companies are likely to continue cutting spending in Hungary in favour of markets with stronger medium- and long-term growth visibility.


Headline Industry Data


2010 per capita food consumption: +2.18%; forecast to 2014: +20.97%
2010 alcoholic drinks sales: +0.86%; forecast to 2014: +24.42%
2010 soft drinks sales: +2.47%; forecast to 2014: +21.07%
2010 mass grocery retail sales: +3.15%; forecast to 2014: +26.49%


Key Company Trends

Looking Abroad for Growth – Although it posted a 14% year-on-year (y-o-y) decline in its sales revenues for FY09/10 (ending March), dropping to HUF24bn, leading Hungarian spirits producer and distributor Zwack Unicum took some comfort from the fact that exports outperformed its domestic markets. To this extent sales were down by a lower margin of 8% y-o-y in this subsector. Exports are likely to continue taking greater strategic importance to the company, bearing in mind that Zwack is already strongly placed domestically, and that the Hungarian alcoholic drinks market is among Central Europe's most mature. Long-term growth is, therefore, likely to be increasingly driven by foreign markets, where Zwack can leverage off its strong brand portfolio. Key regional frontier markets like Romania should provide promising long-term upsides.

Key Risks to Outlook

Economic Weakness – Restocking of inventories, positive base effects, and a poor showing for imports relative to exports delivered most of the improvement on the 4.0% y-o-y contraction witnessed in the last quarter of 2009. Going forward, while we believe that Hungary's economy is on the road to recovery, with real GDP forecast to expand by 1.1%, Hungary's short-to-medium term macroeconomic outlook remains far from sanguine. Beyond this year, we reiterate that Hungary will underperform both its historical trend average through to 2014, as well as its peers in Central Europe, due to cuts in government consumption, weak consumer demand and limited credit availability. Such factors, in addition to the falling population numbers (as well as population ageing), will hamper the development of the premium foods and drinks segments, along with higher volume uptakes. If the performance of the Hungarian economy is worse than currently expected, our forecasts will have to be adjusted accordingly.


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:

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Browse the complete Report on : Colombia Food and Drink Report Q4 2010

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BMI View: the consumer picture in Colombia looks relatively positive over our five year forecast period. A reduction in credit, higher unemployment and high personal debt levels mean that the pace of growth is likely to be lower than that witnessed in the boom years leading up to the global financial crisis. However, with strong fundamentals and re-emerging indications of growth, Colombian consumers look set to continue steadily increasing the amount they spend, with positive implications for the food and drink industry. This will continue to encourage investment in the region, with important players such as Carrefour and Grupo Nacional de Chocolates both announcing new development plans in recent months.


Headline Industry Data

2011 per capita food consumption = +4%; forecast to 2014 = +18%
2011 alcoholic drink sales = +2%; forecast to 2014 = +8%
2011 soft drink sales = +3% ; forecast to 2014 = +12%
2011 mass grocery retail sales = +5%; forecast to 2014 = +23%


Key Macroeconomic Data

2010 Real GDP growth = +3.9%, 2011 Real GDP growth = +3.2% (2009, +0.4%)
2010 Consumer Price = +3.5% chg y-o-y (period average) (2009, +2%)
2010 Unemployment Rate = 10% (period average) (2009, 11.9%)


Key Company Trends

Opportunities for Coffee – The market for Colombian coffee is dominated by instant (soluble) coffee and
the sector has delivered only moderate growth in recent years. Traditionally the best Colombia coffee beans had been reserved for export markets where more discerning consumers were prepared to pay a premium for higher-grade coffee. This is gradually changing, with both Grupo Nacional de Chocolates and local industry association National Federation of Colombian Coffee Growers (Fedecafe) running campaigns to encourage Colombian consumers to consume higher quality coffee. In line with this, Nacional de Chocolates is investing US$75mn in its domestic coffee processing plants, launching a new premium coffee brand and has recently taken majority control of local coffee producer Industrias Aliadas.
New Beer Taxes – Value-added tax (VAT) on beer has recently increased from 3% to 14%, a move that raised average beer prices by at least 8%. In response to the tax increase, SABMiller warned that the rise could lead to a one-off fall in its volumes of up to 4.5%. The firm also cut its medium-term volume growth target for Latin America as a whole from 5-7%, to 4-6% a year. The company’s weak first quarter results, for the three months to June 30 2010, saw a volume decline of 6% in Colombia, suggesting that the impact of the tax rise could be even more severe than first envisaged.


Key Risks to Outlook

Faster Credit Expansion – With consumer spending in Colombia tied closely to credit expansion, a key risk to our outlook is any change in this indicator, in turn a factor that is dependent on consumer propensity to borrow, bank's willingness to lend and on interest rates. Slower credit going forward is likely to cap private consumption growth, and this reinforces our view that Colombia's inflationary outlook is set to remain benign, as price pressures are held back over the medium term. Faster Growth In GDP – A second risk to our forecast is that Colombia will experience more rapid economic growth than we are currently predicting. Either a swift increase in foreign direct investment (FDI) or global oil prices could have a positive impact on the broader economy, with positive implications for our consumption forecasts. This represents an upside risk.


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:

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Browse the complete Report on: Bulgaria Food and Drink Report Q4 2010

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Bulgaria remains, in our opinion, one of the least attractive food and drinks markets in the emerging Europe region. A poor economic outlook, with little optimism expected in the short term, is one of the key factors responsible for Bulgaria’s low ranking, with local currency depreciation also deterring foreign investment. In 2010, the consumer outlook in Bulgaria will remain suboptimal, given the expected 1% decrease in real private consumption. Additionally, the food and non-alcoholic beverages component of the consumer price basket remains adversely afflicted by deflation, with prices falling 2.6% year-on-year (y-o-y) in May 2010, having recorded negative growth since April 2009. While some recovery of food and drinks spending is expected in the latter parts of the forecast period, other emerging markets – both in the region and wider – are likely to attract more attention than Bulgaria.


Headline Industry Data

2010 per capita food consumption: +0.99%; forecast to 2014:+12.66 %
2010 alcoholic drinks sales (value): +1.07%; forecast to 2014: +12.21%%
2010 soft drinks sales (value): -3.25%; forecast to 2014: +8.66 %
2010 mass grocery retail sales: -2.77%; forecast to 2014: +18.54%


Key Company Trends

Retail Expansion Outside the Capital – Over the past months, Rewe-owned supermarket chain Billa
reported that it was planning to invest BGN65-71mn (US$40.8-44.5mn) per annum during 2011-2014 in Bulgaria. The company plans to open 10 new outlets by investing more than BGN65mn in the country by end-2010 in order to expand its store presence, according to company executives. We expect regional launches to gradually pick up over the H210 period after geographical recalibration in 2009. Along with Russia and Ukraine, Bulgaria was largely responsible for driving Rewe's foreign market sales growth in 2009, boosted by the introduction of its discount banner Penny in Bulgaria.


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:

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Browse the complete Report on: Spain Food and Drink Report Q4 2010

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Spain's economic problems have not spared the food and drink industry, with sales growth in this sector stuck in negative territory throughout H110. We see little prospect of growth in the medium term, with high unemployment, falling wages and rising taxes placing downwards pressure on consumption. However, we see greater room for growth beyond 2011, with the immaturity of the food and drink sector meaning it offers up greater long-term potential than several others in the Western Europe region.
Headline Industry Data
2010 per-capita food consumption = -0.8%; forecast to 2014 = 10.3%
2010 alcoholic drink sales = -5.3%; forecast to 2014 = -3.5%
2010 soft drink sales = -0.3% ; forecast to 2014 = 14.8%
2010 mass grocery retail sales = -2.3%; forecast to 2014 = 12.5%
Key Company Trends & Developments
Private Labels Gaining Market Share – the market share for private labels in Spain was already growing before the current financial crises sent consumer confidence on a downward spiral. The market share of private label products has increased from around 8% in 1993 to 35% today. The current economic slowdown, high food inflation and the aggressive promotion of private labels by retailers mean that this figure is likely to rise substantially over the next year.
Jump in spirit taxes – the industry association for the Spanish spirits sector has warned that an increase in sales tax could lead to a 10% decline in spirits sales. The tax is designed to help plug Spain’s significant fiscal deficit, but FEBE has suggested that the move could endanger 22,400 jobs. The additional tax comes at a time when the industry is already having to contend with a drop in sales due to the economic downturn and is likely to mean that the sector takes longer to recover than other parts of Spain’s food and drink industry.
Key Risk to Outlook
Eurozone debt crisis – the risks to our outlook are currently weighted to the downside. An important risk to our forecasts is the prospect of further instability in the eurozone as a result of the unsustainable debt levels built up by some member countries – including Spain

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:

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Browse the complete Report on - Indonesia Food and Drink Report Q4 2010

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BMI View: Indonesia’s private consumption oriented economy remains strong, and we continue to believe that solid long-term growth will occur. The economy is on track to hit our target of 5.2% real GDP growth for 2010, with GDP growth expected to accelerate slightly towards 5.3% in 2011. The positive economic outlook, along with a reasonable food consumption growth forecast – albeit from a still-low base – bodes well for the country’s food, beverage and mass grocery retail sectors and consequently, this quarter has seen a number of new expansionary investments and the announcement of positive financial results.
Headline Industry Data
Per Capita Food Consumption (IDR) is forecast to increase by 43.6% to 2014, with growth fuelled by economic expansion but constrained by persistent income inequalities
Soft Drink Sales (IDR) are forecast to increase by 79.7% to 2014, with value sales growth surpassing volume sales growth as consumers gradually trade up to higher value products
Mass Grocery Retail Sales (IDR) are forecast to increase by 63.8% to 2014 and by 9.3% in 2010 on the back of sustained multinational and local company investment
Key Company Trends
Food Market Investment - Keen to capitalise on the opportunities available within the country’s food industry, this quarter Philippines-based canned tuna manufacturer Alliance Tuna International announced plans to increase its stake in its Indonesian subsidiary from 79.92% to 89.98%. Meanwhile, Japan’s leading food seasonings manufacturer Ajinomoto also confirmed that it would be investing further in Indonesia. The firm plans to build a JPY6bn (US$67.7mn) plant in the country, which will be operational by 2012.
Retail Potential Continues To Be Recognised - Indonesia’s mass grocery retail sector is set to witness impressive sales growth of 63.8% through to 2014, with sales expected to reach IDR88,266bn by 2014. Looking to take advantage of this forecast sales growth, Indonesia’s Trans Corp, acquired a 40% stake in Carrefour Indonesia through subsidiary Para Group. The partnership offers both parties significant benefits allowing them to maximise competitiveness in such a dynamic and high-growth, but increasingly crowded market. Also seeking to exploit impressive growth forecasts, is Matahari Putra Prima announcing plans to extend its hypermarket chain by 10-15 outlets per annum through to 2014. Whilst the hypermarket format offers the lowest growth forecast of the three formats operational in Indonesia, sales are still expected to climb 61.8% to 2014 and it remains the country’s strongest sales format.



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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.
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Ms. Sunita
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Browse the complete Report on - Vietnam Food and Drink Report Q4 2010

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at http://www.reportsandreports.com/Publishers/business-monitor-international/

The Vietnamese economy appears to be solidly on the road to recovery, with BMI now forecasting real GDP growth of 6.0%, in light of faster-than-expected growth in H110, although we continue to warn of the risks of overheating. Vietnam's real GDP growth in Q210 came in at 6.4% y-o-y, and while a breakdown of growth by expenditure is unavailable, we believe that private consumption is booming and is set to bolster domestic demand in H210 as confidence continues to improve. The country’s food and drink sector is certain to benefit from this positive outlook. In particular, the MGR sector is forecast to experience strong growth as it continues to attract considerable attention from international retailers, despite the challenges involved in doing business in Vietnam. Given that it has one of the highest MGR growth forecasts in the Asia Pacific region, it is not hard to see why.


Headline Industry Data

• 2010 food consumption growth = +11.2%; forecast to 2014 = +64.9%
• 2010 alcoholic drink sales = +5.7%; forecast to 2014 = +36.6%
• 2010 beer volume sales = +2.9%; forecast to 2014 = +31.7%
• 2010 mass grocery retail sales = +12.3%; forecast to 2014 = +71%

Key Company Trends
Expansions in the Dairy Sector – In May, Dutch dairy cooperative Royal FrieslandCampina announced
plans to invest US$12mn in the expansion of production capacity at a factory in Vietnam in order to meet the growing demand for dairy products with its Dutch Lady, YoMost and Friso brands. The factory in Binh Duong is scheduled to be fully operational by the end of 2012. Vietnamese dairy consumption growth will remain solid over our forecast period, as strong economic growth will filter through to rising disposable incomes. This will push up demand for non-essential food products.
Confectionery Consolidation – Also in May, Vietnamese confectioner Kinh Do Corp announced plans to acquire two smaller local players. Kinh Do Corp will take 100% ownership of North Kinh Do Food Joint Stock Company in a deal worth VND726bn (US$38.3mn), while it will also acquire the 72% interest it does not already hold in Ki Do Joint Stock Company for around VND239bn (US$12.6mn) - both estimates based on the company's last closing share price of VND53,000. Kinh Do's expansion plans are timely as we expect an increase in sector competition along with strong growth forecasts. Kinh Do's acquisition-led enlargement should significantly improve its competitiveness, giving it access to a larger product pipeline, a wider distribution network and improved economies of scale in terms of procurement and manufacturing.


Key Risks to Outlook
Rising Inflation – Falling food prices are temporarily keeping consumer price inflation in check, but we are increasingly worried that a potential pick-up in food prices in the coming months may destabilise inflation expectations and could have a negative impact on food and drink spending.
Infrastructure Upgrades Desperately Needed – The success of government initiatives to promote alternative sources of growth will be heavily dependent on Vietnam's infrastructure developments over the coming years. Despite witnessing relatively strong real GDP growth of 5.3% in 2009, chronic power shortages and congested roads are evidence that the economy faces risks of overheating, as well as operational bottlenecks for businesses. Most importantly, we are increasingly concerned that the government's failure to make infrastructure investments in time due to its growing debt could greatly limit the economy's potential for growth going forward.


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.
(Due to the length of these URLs, it may be necessary to copy and paste the hyperlinks into your Internet browser's URL address field. Remove the space if one exists.)


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/ 

Browse the complete Report on - Vietnam Food and Drink Report Q4 2010

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at http://www.reportsandreports.com/Publishers/business-monitor-international/

The Vietnamese economy appears to be solidly on the road to recovery, with BMI now forecasting real GDP growth of 6.0%, in light of faster-than-expected growth in H110, although we continue to warn of the risks of overheating. Vietnam's real GDP growth in Q210 came in at 6.4% y-o-y, and while a breakdown of growth by expenditure is unavailable, we believe that private consumption is booming and is set to bolster domestic demand in H210 as confidence continues to improve. The country’s food and drink sector is certain to benefit from this positive outlook. In particular, the MGR sector is forecast to experience strong growth as it continues to attract considerable attention from international retailers, despite the challenges involved in doing business in Vietnam. Given that it has one of the highest MGR growth forecasts in the Asia Pacific region, it is not hard to see why.


Headline Industry Data

• 2010 food consumption growth = +11.2%; forecast to 2014 = +64.9%
• 2010 alcoholic drink sales = +5.7%; forecast to 2014 = +36.6%
• 2010 beer volume sales = +2.9%; forecast to 2014 = +31.7%
• 2010 mass grocery retail sales = +12.3%; forecast to 2014 = +71%

Key Company Trends
Expansions in the Dairy Sector – In May, Dutch dairy cooperative Royal FrieslandCampina announced
plans to invest US$12mn in the expansion of production capacity at a factory in Vietnam in order to meet the growing demand for dairy products with its Dutch Lady, YoMost and Friso brands. The factory in Binh Duong is scheduled to be fully operational by the end of 2012. Vietnamese dairy consumption growth will remain solid over our forecast period, as strong economic growth will filter through to rising disposable incomes. This will push up demand for non-essential food products.
Confectionery Consolidation – Also in May, Vietnamese confectioner Kinh Do Corp announced plans to acquire two smaller local players. Kinh Do Corp will take 100% ownership of North Kinh Do Food Joint Stock Company in a deal worth VND726bn (US$38.3mn), while it will also acquire the 72% interest it does not already hold in Ki Do Joint Stock Company for around VND239bn (US$12.6mn) - both estimates based on the company's last closing share price of VND53,000. Kinh Do's expansion plans are timely as we expect an increase in sector competition along with strong growth forecasts. Kinh Do's acquisition-led enlargement should significantly improve its competitiveness, giving it access to a larger product pipeline, a wider distribution network and improved economies of scale in terms of procurement and manufacturing.


Key Risks to Outlook
Rising Inflation – Falling food prices are temporarily keeping consumer price inflation in check, but we are increasingly worried that a potential pick-up in food prices in the coming months may destabilise inflation expectations and could have a negative impact on food and drink spending.
Infrastructure Upgrades Desperately Needed – The success of government initiatives to promote alternative sources of growth will be heavily dependent on Vietnam's infrastructure developments over the coming years. Despite witnessing relatively strong real GDP growth of 5.3% in 2009, chronic power shortages and congested roads are evidence that the economy faces risks of overheating, as well as operational bottlenecks for businesses. Most importantly, we are increasingly concerned that the government's failure to make infrastructure investments in time due to its growing debt could greatly limit the economy's potential for growth going forward.


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.
(Due to the length of these URLs, it may be necessary to copy and paste the hyperlinks into your Internet browser's URL address field. Remove the space if one exists.)


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/ 

Browse the complete Report on: Romania Food and Drink Report Q4 2010

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Our expectations for Romania’s food and beverages spending are modest. The performance of the markets for the remainder of the current year will be shaped by the recent increase in the value-added tax (VAT) to 25%, which has in turn led the central bank to upwardly revise inflation figures, as well as high unemployment levels. As consumer confidence is far from recovered in relation to pre-crisis levels, we expect that discretion will continue to be exercised in regards to purchases of foodstuffs and beverages, with premium items to suffer the most.
Headline Industry Data - 2010 per capita food consumption = +2.40; forecast to 2014 = +12.01%
- 2010 alcoholic drinks sales = +0.24%; forecast to 2014 = +16.32%
- 2010 soft drinks sales = +3.58%; forecast to 2014 = +24.63%
- 2010 mass grocery retail = +6.50%; forecast to 2014 = +44.11%

Key Company Trends
Foreign Players Increasing Stakes in Local Companies – In July 2010, a 54% stake in Romanian dairy distributor Delaco was acquired by French Bongrain SA, which deals in cheese and dairy products, having been given a green light by regulatory authorities. The Romanian arm of confectionery giant Cadbury – Kandia-Excelent – is to be sold to international investment fund Oryxa Capital, as part of ongoing efforts to meet European Commission competitive requirements following Kraft's acquisition of Cadbury in Q110. Global and regional confectionery giants Hershey, Nestlé and Ülker were all linked with Kandia-Excelent, which is particularly strong in sugar confectionery and chocolates. Finally, although the deal is currently being assessed by the local competition authorities, German mass grocery retail (MGR) player Lidl has moved to take over compatriot Tengelmann’s retail chain Plus, both in Romania and in Bulgaria.
Key Risks to Outlook
Economic Woes – While early signs have been positive, we caution that the Romanian economic recovery will remain fragile, with weaker external demand and the overhang of high unemployment preventing a return to pre-crisis rates of growth. Actual unemployment and the fear over further job losses (especially given the government's plan to shrink the public sector) will keep household spending weak and prevent economic growth from hitting the 9% growth rates recorded at the peak of the previous cycle, especially given the recent VAT hike, from 19% to 25%. While the IMF has allowed Romania to target a larger fiscal deficit this year (6.8% of GDP, rather than 5.9% originally stipulated), this may prove insufficient leeway, with significant risks of delay over the disbursement of outstanding loan tranches. Thus, while fiscal consolidation will further weaken the economy over the medium term, a failure to implement new austerity measures would risk suspension of the IMF loan program, which in turn would lead to deterioration in foreign investment climate and result in Romania being further sidelined by multinationals looking to expand in Central and Eastern Europe (CEE).


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