"Estonia Food & Drink Report 2015" now available at Fast Market Research

BMI Industry View

The Estonian retail sector remains positive and is planning further expansion of both ranges and premises during 2015, with mass grocery retail players being no exception. The country's economy has turned a corner and will post relatively strong real GDP growth over the next two years. Although Estonia's unemployment will fall at a slower rate, household incomes will continue to increase and this rising domestic demand will more than offset lower export growth, as relations with Russia remain strained.

Headline Industry Data

* 2014 per capita food consumption (local currency): +2.04%; forecast compound annual growth rate (CAGR) to 2018: +2.06%.
* 2014 alcoholic drinks sales (volume): -0.39%; forecast CAGR to 2018: +0.54%.
* 2014 soft drinks sales (volume): +2.69%; forecast CAGR to 2018: +1.05%.
* 2014 mass grocery retail sales (local currency): +4.50%; forecast CAGR to 2018: +4.55%.

Full Report Details at
- http://www.fastmr.com/prod/912301_estonia_food_drink_report_2015.aspx?afid=301

Key Company Trends

HKScan Announces Major Production Investment In Rakvere: Rakvere brand owner HKScan announced on October 13 2014 that it was planning to invest EUR20mn in a new production facility in Rakvere, Estonia. The plans involve building a new 10,000 square metre production facility alongside its existing plant in Rakvere. The new plant will be equipped with advanced technology designed to deliver value-added products for growing product segments. The planned investment is geared particularly toward developing the offering of the new Group brand, Flodins.

Maxima Seeks Sector Dominance In Estonia: Maxima Group is planning to open up to 20 new stores in Estonia over the next three years and aims to be the country's market leader by 2016, said Maxima Eesti CEO Vaidotas Pacesa in September 2014. The announcement came at the ceremonial laying of the cornerstone of its new EUR30mn logistics centre, which is expected to be completed by the end of 2015. Pacesa went on to announce that the company would be opening its first Maxima XXX store in the...

The Estonia 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 Estonia 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 Estonia.

Key Benefits

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