Colombia Food & Drink Report Q3 2015 - New Report Available

From: Fast Market Research, Inc.
Published: Tue May 05 2015

We have downgraded our real private consumption growth forecast to 3.9% in 2015 and 3.7% in 2016, down from 4.5% and 4.7% previously, as lower global oil prices will negatively affect GDP growth over the coming years. The weak performance of the hydrocarbon sector, which accounts for around half of the country's exports, will weigh on real GDP growth and government revenues over the coming years. Despite the country's fairly inflexible and costly labour market, the lack of bureaucracy involved in setting up a business and well developed financial markets continue to make Colombia an attractive investment destination across a number of sectors, including food and drink.

Headline Industry Data (local currency)

* Total food consumption compound annual growth rate (CAGR), 2014 to 2019: +8.7%.
* Beer sales value CAGR, 2014 to 2019: +5.2%; beer sales volume CAGR, 2014 to 2019: +1.6%.
* Wine sales value CAGR, 2014 to 2019: +8.2%; wine sales volume CAGR, 2014 to 2019: +4.4%.
* Spirit sales value CAGR, 2014 to 2019: +7.6%; spirit sales volume CAGR, 2014 to 2019: +3.9%.
* Soft drinks sales value CAGR, 2014 to 2019: +9.2%; soft drinks sales volume CAGR, 2014 to 2019: +5.4%.
* Mass grocery retail (MGR) sales value compound annual growth rate (CAGR), 2014 to 2019 (local currency): +9.0%.

Full Report Details at

Key Company Trends

Regional E xpansion To Boost Nutresa Sales: In its home market, we believe that Grupo Nutresa is well positioned to take advantage of private consumption growth over the next few years. Although we have downgraded our private consumption forecasts for Colombia on the back of weaker oil prices - we now forecast real private consumption to grow by 4.0% in 2015, down from 4.5% previously - there is still room for growth in the food processing sector. In particular, we expect sustained growth in the chocolate and processed meat markets, where Nutresa is the leading player. Therefore, thanks to its strong ties with local producers and its distribution...

The Colombia Food & Drink Report features BMI Research'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 Colombia 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 Colombia.

Key Benefits

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