Boston, MA -- (SBWIRE) -- 11/12/2012 -- Real GDP growth in France has now stuttered to a halt against an uncertain global macroeconomic backdrop. We therefore maintain our forecast for the country's real GDP to contract by 0.2% in 2012, before growing by just 0.9% in 2013. French household consumption is expected to remain extremely weak throughout the course of 2012, primarily due to concerns over employment and housing.
Headline Industry Data (local currency)
- 2012 per capita food consumption = +0.9%; forecast to 2016 = +4.9%
- 2012 alcoholic drink value sales = 1.6%; forecast to 2016 = +3.0%
- 2012 soft drink value sales = +1.3%; forecast to 2016 = +14.0%
- 2012 mass grocery retail sales = +1.6%; forecast to 2016 = +12.6%
View Full Report Details and Table of Contents
Key Industry Trends And Developments
Some Signs of Optimism in French Beer Sector: In July 2012, Netherlands-based brewer Heineken suggested that a focus on its premium brands can help it overcome a decline in the size of the overall beer market in France. The firm's French president, Pascal Sabrie, was reported saying that the company's portfolio is priced at between 10-50% above the average for French beer, and that premium beers were gaining market share - with the sector accounting for 49.5% of the overall market in 2011, from 30% 10 years ago. Thanks to increasing prices and the strong performance of more expensive premium beers, overall sales in value terms on the French market have been increasing despite subdued volume sales.
Carrefour H1 Earnings Down: Carrefour's recent first-half results included an 8.2% year-on-year (y-o-y) decline in operating income. We have argued that for the retailer to win back investors' confidence, it will have to focus heavily on making its food a lot cheaper. Carrefour has found itself in an uncomfortable position in France, where many of its hypermarkets are arguably dated and not conveniently accessible at a time when convenience has become so important. Indeed, Carrefour is now focusing more heavily cutting food prices, which is the way forward, in our opinion. Georges Plassat, Carrefour's new CEO, has a reputation for cost-cutting, which could well make him more suitable for reviving Carrefour's competitiveness in France over the near-to-medium term.
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:
- Croatia Food & Drink Report Q4 2012
- Australia Food & Drink Report Q4 2012
- Kuwait Food & Drink Report Q4 2012
- Colombia Food & Drink Report Q4 2012
- Greece Food & Drink Report Q4 2012
- Turkey Food & Drink Report Q4 2012
- Vietnam Food & Drink Report Q4 2012
- Malaysia Food & Drink Report Q4 2012
- Germany Food & Drink Report Q4 2012
- Czech Republic Food & Drink Report Q4 2012