Fast Market Research recommends "United States Food & Drink Report Q4 2013" from Business Monitor International, now available

Boston, MA -- (SBWire) -- 11/22/2013 --We recently revised down our 2013 US real GDP growth forecast from 2.1% to 1.8%, but we maintain that the US economy is gaining steam and is set for more rapid expansion over the coming quarters. Indeed, the downward revision to this year's growth forecast is mostly attributable to the first quarter figure and base effects from Q412, and we believe that risks are to our 2014 and 2015 real GDP growth forecasts of 2.7% and 2.6% are predominantly to the upside. We continue to believe the US consumer is slowly - and sometimes unsteadily - gaining momentum after several years of weak activity. A tax increase at the start of 2013 likely weighed on Q113 real private consumption, which still contributed 1.8 percentage points (pp) to real GDP growth and grew by 2.6% year-on-year (y-o-y), the strongest reading since Q111. Still, we see remaining uncertainties for the consumer sector, and we expect food and drink consumption growth to remain subdued in the medium term as a result.

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 = +2.1%.
- 2013 mass grocery retail sales = +2.9%; CAGR to 2017 = +2.7 %.

Key Industry Trends And Developments

Mondelez To Overhaul Supply Chain Network: US-based food processing company Mondelez International is hoping that an overhaul of its complex supply chain network will improve its annual operating margin by 0.6-0.9%. The company stated that scheduled improvements in its supply chain network will result in gross productivity savings of US$3bn, net productivity savings of US$1.5bn, and incremental cash worth US$1bn by 2016. The company is aiming to improve its operating income margin by 5% and 2.5% in North America and Europe respectively by 2016, according to Irene Rosenfeld, the CEO of the company.

AB InBev Contests MillerCoors' Advertising Claims: Multinational beer company Anheuser-Busch InBev (AB InBev) has contested US rival MillerCoors' marketing claims that its Coors beer is the 'world's most refreshing' and that a new aluminium innovation offers a 'smoother, more refreshing pour', Topix reports. AB InBev has appealed to the National Advertising Division (NAD) of the Council of Better Business Bureaus to determine whether the claims are valid. MillerCoors described the complaint as 'frivolous' and an 'inappropriate use of NAD's resources'.

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 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:

- United Arab Emirates Food & Drink Report Q4 2013
- India Food & Drink Report Q4 2013
- The Future of the Dairy Food Market in US to 2017
- United Kingdom Food & Drink Report Q4 2013
- Bulgaria Food & Drink Report Q4 2013
- Czech Republic Food & Drink Report Q4 2013
- Brazil Food & Drink Report Q4 2013
- Greece Food & Drink Report Q4 2013
- Australia Food & Drink Report Q4 2013
- Germany Food & Drink Report Q4 2013