Now Available: Italy Food & Drink Report Q4 2014

We have revised downwards our forecast real GDP growth for Italy to - 0.2% and 0.6% in 2014 and 2015 respectively, from previous forecasts for 0.4% and 0.7% growth . According to our forecasts, Italy's economic output will remain well below pre -crisis levels over the medium-to- long term. We forecast that annual real GDP growth will not break 1% over the next 10 years , and both public and private sector consumption will remain depressed. With one of the highest household savings rates in Europe prior to the crisis, and among the lowest private debt burdens, private consumption has not been a strong driver of GDP growth in the past decade. We do not expect this trend to change, and forecast private consumption growth of - 0. 1 % and 0. 6 % in 2014 and 2015 respectively. This has negative implications for food and drink spending, although we do expect to see an improvement in this over our forecast period.

Headline Industry Data (local currency)

Full Report Details at
- http://www.fastmr.com/prod/888101_italy_food_drink_report_q4_2014.aspx?afid=301

* 2014 per capita food consumption = +0.7% year-on-year (y-o-y); compound annual growth rate (CAGR) 2013 to 2018 = +1.1%
* 2014 alcoholic drink value sales = +1.7%; CAGR 2013 to 2018 = +2.1%
* 2014 soft drink value sales = +0.9% ; CAGR 2013 to 2018 = +2.3%
* 2014 mass grocery retail sales = +0.8%; CAGR 2013 to 2018 = +1.4%

Key Industry Trends And Developments

Parmalat Close To Acquisition Of Brasil Foods' Dairy Business: In September 2014, Italian dairy firm Parmalat was close to winning the auction for the dairy business of Brasil Foods. The firm signed a 'binding memorandum of understanding' for the purchase of Brasil Foods' assets for USD805mn on a debt- and cash-free basis. The acquisition includes 11 dairy plants and a host of brands. This deal comes six months after Brasil Foods announced it was selling its dairy division, with the auction attracting interest from around 14 suitors, including France's Danone, Switzerland-based Nestlé and Mexico's Grupo Lala.

Pernod...

The Italy Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Italy Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Italy.

Key Benefits

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