Boston, MA -- (SBWIRE) -- 03/17/2014 -- While we are bullish on the long-term prospects for the Chinese consumer sector, the country's domestic demand rebalancing is likely to be a long, drawn-out process. An acceleration of household spending driven by sizeable personal savings and rising wages would compensate for a reduction in capital outlay, helping to keep the economy motoring along at its current rate of expansion. Indeed, the vast size of China's consumer base, the undeveloped nature of organised retail, the relatively low penetration of services, and the strong scope for premiumisation are all structural positives and underpin our view that private consumption will slowly rise as a share of nominal GDP over the next decade.
Headline Industry Data
- 2014 food consumption local currency = +9.7%; compound annual growth rate (CAGR) forecast to 2018 = +9.4%.
- 2014 beer volume sales = +8.9%; CAGR forecast to 2018 = +8.7%.
- 2014 soft drinks volume sales = +7.4%; CAGR forecast to 2018 = +6.7%.
- 2014 mass grocery retail sales = +9%; CAGR forecast to 2018 = +9%.
View Full Report Details and Table of Contents
Key Company Trends
Hershey Signals Intent With Chinese Acquisition: Hershey signalled its intention to increase its global exposure, the US confectionary giant agreed in January 2014 to purchase Chinese confectionary producer Shanghai Golden Monkey (SGM) in the largest acquisition of the company's history.
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:
- Colombia Food & Drink Report Q2 2014
- Brazil Food & Drink Report Q2 2014
- Bahrain Food & Drink Report Q2 2014
- Croatia Food & Drink Report Q2 2014
- Czech Republic Food & Drink Report Q2 2014
- Greece Food & Drink Report Q2 2014
- Kazakhstan Food & Drink Report Q2 2014
- Germany Food & Drink Report Q2 2014
- Malaysia Food & Drink Report Q2 2014
- Caribbean Food & Drink Report Q2 2014