New Report Available: Caribbean Food & Drink Report Q4 2014

From: Fast Market Research, Inc.
Published: Tue Aug 26 2014

Though signs of growth are beginning to return to Caribbean states, many economies within the region continue to feel the spill-over effects of the 2009 financial crisis, which strongly shook the region's key industries of tourism and finance. Though the tourism industry is slowly regaining momentum in the region, we believe that it will take some time for pre-financial crisis growth. Furthermore, many regional economies continue to be heavily indebted which limits general investment. With this in mind, we forecast relatively slow food consumption growth in a majority of the Caribbean markets. Despite these difficulties, some markets, most notably Jamaica and the Dominican Republic, are expected to outperform over the forecast period.

Headline Industry Data

Forecast 2014 food consumption growth (local currency):

* Bahamas: +1.3%
* Barbados: +1.4%
* Dominican Republic: +4.9%
* Jamaica: +6.6%
* Puerto Rico: +3.5%
* Trinidad & Tobago: +2.7%

Full Report Details at

Forecast food consumption compound annual growth rate (CAGR) 2013 to 2018 (local currency):

* Bahamas: +1.8%
* Barbados: +2.5%
* Dominican Republic: +6.1%
* Jamaica: +6.3%
* Puerto Rico: +4.0%
* Trinidad & Tobago: +2.8%

Key Company Trends

Heineken To Invest USD100mn In Haiti Production Plant: Netherlands-based brewer Heineken announced in April 2014 that it will invest USD100mn in its Prestige lager producing production plant at Port-au-Prince, Haiti. The new investment involves construction of a second 24,300 square foot production line started in December 2013, in the same facility, utilising around one-fifth of the investment. The new production line will enable the company to double the output for Prestige and other beverages, along with launching a 16-ounce bottle of Prestige. The remaining amount will be invested to further boost lager production, manufacture more bottles and to procure items including trucks and generators for the facility.

UNIVEG Acquires Stichting Behoud Bananen Sector: Belgium-based supplier...

The Caribbean 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.

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Contact Name: Bill Thompson
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