South Korea Food & Drink Report Q3 2014: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Thu Jul 24 2014

South Korea's relatively strong Q114 real GDP growth print has prompted us to upgrade our 2014 growth forecast to 3.5% from 3.0% previously. Korean exporters will continue to ride on the economic recovery in the developed markets for now while a recovery in real estate sector may support construction investment. That said, downside pressure is still likely to stem from China's slowing economy, elevated household debt levels, as well as risks of a continued contraction in business investment.

Headline Industry Data (Local Currency)

* 2014 per capita food consumption = +2.3%; forecast CAGR 2014 to 2018 = +3.8%.
* 2014 alcoholic drink value sales = +2.5%; forecast CAGR 2014 to 2017 = +4.2%.
* 2014 soft drink value sales = +4.3%; forecast CAGR 2014 to 2018 = +4.7%.
* 2014 mass grocery retail sales = +5.7%; forecast CAGR 2014 to 2018 = +7.2%.

Full Report Details at

Key Industry Trends And Developments

AB InBev Re-acquires Oriental Brewery : In spring 2014 Anheuser-Busch InBev successfully completed the acquisition of leading Korean brewer Oriental Brewery in a deal worth USD5.8bn. The acquisition returns OB to the AB InBev portfolio after AB InBev sold the company in July 2009 to private equity group KKR. Once OB has been fully re-integrated into AB InBev, the company expects to drive premium growth by maximising the combined portfolios of leading beer brands and to achieve improved efficiencies through best-practice sharing. AB InBev also plans to leverage its global platform to export OB brands more widely.

South Korea To Remain Ahead I n Online Food Retailing Stakes : We believe South Korea will continue to lead the way in online food retailing in Asia. According to Kantar Worldpanel, online sales in the country already accounted for 10.2% of Fast Moving Consumer Goods (FMCG) in 2013, compared with 4.9% and 3.9% in the UK and France respectively. High internet penetration and a large number of tech-savvy consumers have ensured a broad-based use of...

The South Korea 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 South Korea 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 South Korea.

Key Benefits

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