Fast Market Research

New Market Study Published: United States Food & Drink Report Q1 2014

New Food market report from Business Monitor International: "United States Food & Drink Report Q1 2014"


Boston, MA -- (SBWIRE) -- 01/28/2014 -- We remain positive on the growth trajectory for the US economy over the next several years, as we believe that many structural factors are aligning for a period of sustained growth, underpinning our forecast for real GDP growth to average 2.4% per year from 2013-2018, up from 0.8% per year from 2008-2012. The labour market recovery, while well under way, has further to go, meaning that modest increases in job creation will prove to be a boon to spending over the medium term. Consumer deleveraging continues, meaning that a future upswing in credit will also accelerate private consumption. All these will benefit food & drink consumption growth, but we are not yet convinced that the industry will see growth recovering to levels seen before the crisis. This will favour growth in lower value segments of the food and drink sector (canned and beer) as well as convenience and discount stores over normal retail stores in 2014.

View Full Report Details and Table of Contents

Headline Industry Forecasts (local currency)

- 2014 per capita food consumption = +2.0%; five-year compound annual growth rate (CAGR) to 2017 = +2.6%.
- 2014 alcoholic drinks value sales = +3.6%; CAGR to 2017 = +3.6%.
- 2014 soft drink value sales = +3.1%; CAGR to 2017 = +2.9%.
- 2014 mass grocery retail sales = +2.9%; CAGR to 2017 = +2.8 %.

Key Industry Trends And Developments

ADM To Face Challenges Amid Acquisition Collapse: Australian authorities recently rejected US-based Archer Daniels Midland (ADM)'s bid for Australian grain trader GrainCorp, dealing a blow to ADM's efforts to diversify away from its focus on the US corn and soybean industries. ADM, which already owns 19.9% of GrainCorp, was seeking to acquire the remaining 80.1%. Currently, ADM receives 52.0% of its revenues from these industries, and it was particularly vulnerable to the US drought in 2012. The company is also highly exposed to mature markets, where we see little potential for growth to pick up in the medium term. In order to increase its geographic diversification in recent years, ADM has already acquired stakes in Wilmar International, which operates in oilseeds in Asia, and Toepfer, a German grain and oilseed trader operating in Australia. However, the purchase of GrainCorp would have increased ADM's market share in the wheat and barley markets, as GrainCorp controls most of the grain storage and export facilities in eastern Australia.

About Fast Market Research
Fast Market Research is an online aggregator and 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 will 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 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:

- United Arab Emirates Food & Drink Report Q1 2014
- United Kingdom Food & Drink Report Q1 2014
- India Food & Drink Report Q1 2014
- Qatar Food & Drink Report Q1 2014
- Kuwait Food & Drink Report Q1 2014
- Russia Food & Drink Report Q1 2014
- Turkey Food & Drink Report Q1 2014
- The Future of the Dairy Food Market in US to 2017
- Colombia Food & Drink Report Q1 2014
- Singapore Food & Drink Report Q1 2014