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"India Food & Drink Report Q1 2014" is now available at Fast Market Research


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2014-01-03 19:43:26 - New Food research report from Business Monitor International is now available from Fast Market Research

Over the long term, the Indian economy presents one of the best growth stories globally. The Indian population is the second largest in the world and is forecast to continue to grow for decades. Real GDP will also grow at an average of around 6% to 2017, with per capita incomes rising at a similar rate.

Over the long term, we maintain a bullish outlook on food consumption within the country, especially as multinationals penetrate the market with greater force. However, the country will experience significant headwinds in the short term, being affected by a general emerging markets slowdown and a weak Indian rupee. The country also has one of the largest income inequalities in the world, as well as significant

infrastructure and bureaucratic issues. That said, the sheer size of the market will result in impressive growth across many sectors over our forecast period.

Full Report Details at
- www.fastmr.com/prod/759090_india_food_drink_report_q1_2014.aspx

Headline Industry Forecasts

* 2014 food consumption growth = +6.1%; compound annual growth rate (CAGR) 2014-2017 = +6.5%.
* 2014 alcoholic drink local currency value sales growth = +11.7%; CAGR 2014 to 2017 = +11.6%.
* 2014 soft drink local currency value sales growth = +16.2%; CAGR 2014 to 2017 = +14.9%.
* 2014 mass grocery local currency retail sales = +14.5%; CAGR 2014 to 2017 = +12.6%.

Key Company Trends

PepsiCo Commits US$5.5bn To India: PepsiCo will invest INR33,000 (US$5.5bn) into India by the end of 2020, CEO Indra Nooyi said on November 11 2013. The investment will go into all forms of the company's Indian business, particularly concentrating on product innovation, manufacturing, infrastructure and agriculture. Though The Coca-Cola Company is the largest beverage provider in India, PepsiCo is the largest combined food and drink business in the country, active across a diverse range of beverage and snacks sub-sectors. In recent years, PepsiCo has extensively invested in India to remain ahead of its multinational rivals. The company has developed many strategic partnerships in the region, such as that with Tata Tea in 2010, in order to develop local market knowledge and take advantage of supply chains.

Cadbury To Invest US$300mn In India: US company Mondelez's UK-based subsidiary Cadbury plans to invest at least US$300mn in India before 2016. Daniel P Myers, executive vice-president of integrated supply chain at Mondelez, added that the company has already spent US$190mn since 2010 on brownfield expansions in the country. Cadbury India is also looking to make major investments into its greenfield plant at Sri City as it looks to make it the company's largest manufacturing plant in Asia.

Coca-Cola to Invest US$5bn: US beverage company The Coca-Cola Company has reaffirmed its commitment to investing in the Indian region, with a view to making India its fifth largest global market, reports the Financial Express. The company recently reiterated its plans, first announced in 2012, to invest US$5bn into its regional operations before 2020, citing the long-term growth prospects of the Indian beverage sector. For Q313, Coca-Cola's Indian division reported volume sales growth of 6% year-on-year.

Diageo buys majority stake in India's United Spirits: UK drinks giant Diageo is buying a majority stake in India's United Spirits group for GBP1.28bn (US$2.04bn). Diageo, whose brands include Johnnie Walker, Guinness and Smirnoff, will get a 53.4% share in Indian liquor baron Vijay Mallya's United Spirits. The deal will help Mallya reduce United Spirits' debts and free up funds for Kingfisher Airline. The two companies announced in September 2013 that they were in talks. Diageo and United Spirits initially started negotiations in 2008, but talks broke down the following year. Diageo is initially buying a 27.4% stake for GBP660m in United Spirits, whose brands include Whyte & Mackay Scotch whisky. The UK firm will then launch a mandatory offer for a further 26% stake in the Indian group.

Bharti & Walmart Call Off Joint Venture: US mass grocery retailer Walmart and Indian conglomerate Bharti Enterprises will end their retail joint venture, Bharti-Walmart, in India. The move comes amid several regulatory investigations and the Indian government's strict foreign investment regulations for the retail sector. The two partners will dissolve Bharti-Walmart and focus on running independent businesses in the country. Walmart will acquire Bharti's 50% stake in the Best Price Modern Wholesale cash-and-carry division and continue to operate it in India, while Bharti will acquire complete ownership of the retailing joint venture Easyday.

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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