Croatia Food & Drink Report Q4 2015: New research report available at Fast Market Research

Croatia will remain among the worst performing economies in the EU in 2015 and 2016. Competitiveness issues are at the root of Croatia's problems, due to high labour cos ts, an inflexible labour market and a cumbersome bureaucracy. We remain sceptical that any recovery in private consumption will be robust. Unemployment (around 18%) remain s high, wage growth is sluggish and households have made limited progress on deleveraging. These factors will weigh on food consumption growth, with both nominal and per capita spending remaining subdued.

Headline Industry Data (local currency)

Total food consumption growth in 2015: +0.2%; compound annual growth rate (CAGR) 2014 to 2019: +1.2%.

Per capita food consumption growth in 2015: +0.6%; CAGR 2014 to 2019 +1.5%.

Alcoholic drinks sales growth in 2015: -0.2% y-o-y; CAGR 2014 to 2019: +2.2%.

Full Report Details at
- http://www.fastmr.com/prod/1032893_croatia_food_drink_report_q4.aspx?afid=301

Soft drinks sales growth in 2015: +2.3% y-o-y; CAGR 2014 to 2019: +2.9%.

Mass grocery retail sales growth in 2015: +3.7% y-o-y; CAGR 2014 to 2019: +3.7%.

Key Industry Trends

Ledo Signs Agreement with US Kroger : In summer 2015, Agrokor-owned ice cream company Ledo announced a plan to supply ice cream to US retailer Kroger. Entering the US market and Kroger's retail network represents Ledo's largest and potentially most important export breakthrough. Ice cream supplied by Ledo will be sold under the Private Selection premium private label brand. The move is part of the business strategy pursued by Ledo and Agrokor aimed at stepping up exports and boosting the presence of Agrokor's products on the global market, according to a company statement.

The Croatia 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 Croatia 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 Croatia.

Key Benefits

* Benchmark BMI's independent food and drink industry forecasts for Croatia to test other views - a key input for successful budgeting and strategic business planning in the Croatian food and drink market.
* Target business opportunities and risks in Croatia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
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