Boston, MA -- (SBWire) -- 04/10/2014 --Among the positive indicators, retail sales growth reached 4.4% and 4.9% y-o-y in July and August 2013 respectively. This follows a sustained improvement in consumer confidence readings, which have remained in a general uptrend since late 2012, despite social and political unrest. However, confidence surveys show that a significant majority of the population retains a negative outlook, and ongoing instability implies this will remain the case for some time.
Headline Industry Data (local currency):
- 2014 food consumption growth: +0.63%; forecast compound annual growth rate (CAGR) 2014 to 2018: +1.8%.
- 2014 alcoholic drinks sales volume growth: +0.69%; forecast CAGR 2014 to 2018: +2.5%.
- 2014 soft drinks sales volume growth: +1.7%; forecast CAGR 2014 to 2018: +2.7%.
- 2014 mass grocery retail sales growth: +1.7%; forecast CAGR 2014 to 2018: +1%.
View Full Report Details and Table of Contents
Key Industry Trends
Danone Transfers Ownership of Bulgarian Plant
In autumn 2013, Danone transferred ownership of its Bulgarian subsidiary Danone Serdika's production facilities to Schreiber Foods. The transaction includes the transfer of all production facilities and Danone products that are manufactured by Danone Serdika, which is situated in Sofia. Schreiber Foods will continue to manufacture all Danone products that are currently produced in the Sofia factory and will ensure its existing employees are kept on. The sale of the plant is part of Danone's strategy for optimising production capacity, costs and improving its competitiveness, following weak results in Europe over 2013. Danone is also transferring its production capacities in Portugal and the Czech Republic to the American company.
Bulgarian Wine Exports Hot Up
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.
Browse all Food research reports at Fast Market Research
You may also be interested in these related reports:
- Germany Food & Drink Report Q2 2014
- Mexico Food & Drink Report Q2 2014
- Slovenia Food & Drink Report Q2 2014
- Vietnam Food & Drink Report Q2 2014
- Turkey Food & Drink Report Q2 2014
- Kuwait Food & Drink Report Q2 2014
- Colombia Food & Drink Report Q2 2014
- Brazil Food & Drink Report Q2 2014
- Indonesia Food & Drink Report Q2 2014
- Bahrain Food & Drink Report Q2 2014
Recent Study: Bulgaria Food & Drink Report Q2 2014
New Food research report from Business Monitor International is now available from Fast Market Research