New Report Available: France Food & Drink Report Q4 2015

From: Fast Market Research, Inc.
Published: Wed Sep 16 2015

Following three years of stagnation, during which headline GDP growth averaged just 0.3%, we believe the French economy is poised for moderate consumer-led growth acceleration over the next two years. We now forecast real GDP growth of 1.3 % in 2015 and 1.4 % in 2016. Consumer confidence has picked up since early 2015 , as French households appear to be benefiting from low oil prices and the associated boost to real wage growth. Given that consumer spending is the traditional driver of the French economy, this bodes well for growth momentum over the remainder of 2015. T he importance of the food industry for the economy and the fact that France is one of the few European countries with a growing, young population will leave food consumption growth relatively steady over the coming years.

Headline Industry Data (local currency)

2015 per capita food consumption year-on-year (y-o-y) = +1.2%; forecast compound annual growth rate (CAGR) 2014 to 2019 = +1.2%.
2015 alcoholic drink value sales y-o-y = +0.5%; forecast CAGR 2014 to 2019 = +0.9%.
2015 soft drink value sales y-o-y = +2.3%; forecast CAGR 2014 to 2019 = +2.5%.
2015 mass grocery retail sales y-o-y = +2.0%; forecast CAGR 2014 to 2019 = +2.2%.

Full Report Details at

Headline Industry Trends

Pernod Ricard Sales Up, Profits Down : France-based alcoholic drinks producer Pernod Ricard has posted a 2% rise in sales for FY14/15, helped by rising sales of champagne and Irish whiskey. However, profits took a hit, plunging to EUR861mn (USD974mn) from EUR1.02bn (USD1.14bn) in 2014, due to a EUR652mn (USD734.28mn) impairment on Absolut vodka. Revenue increased 8% to EUR8.56bn (USD9.64bn), a reversal of a 7% decline in 2014. A weak euro gave a big boost to revenue as sales abroad counted for more when changed back into the company's home currency.

The France 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 France 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 France.

Key Benefits

* Benchmark BMI's independent food and drink industry forecasts for France to test other views - a key input for successful budgeting and strategic business planning in the French food and drink market.
* Target business opportunities and risks in France

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