2013-02-20 05:26:06 - Recently published research from Business Monitor International, "Ireland Food & Drink Report Q1 2013", is now available at Fast Market Research

BMI View: Ireland's economy is showing some tentative signs of recovery, with GDP growth forecast to return to positive territory from 2013 onwards. However, the painful internal devaluation that the Irish economy is undergoing will continue in the medium term, ensuring conditions continue to feel recessionary for most Irish citizens. This in turn has negative implications for consumer spending on food and drink.

Headline Industry Data (local currency)

* 2013 per capita food consumption +0.5%; forecast to 2017 +5.6%
* 2013 alcoholic drink sales +1.5%; forecast to 2017 +10.5%
* 2013 soft drink sales +1.6%; forecast to 2017 +12.3%
* 2013 mass grocery retail sales +3.8%; forecast to 2017 +21.2%

Key Industry Trends & Developments

Food Sector to Boost Economic Growth: In autumn

2012 the Irish government revealed plans to substantially increase sustainable food production and exports. Minister of Agriculture Simon Coveney announced that agriculture will be a central industry for sustainable growth in Ireland over the next 10-50 years. At the same time, Prime Minister Enda Kenny said that the country's food and drink sector is playing a vital role in driving the economic growth of the country, generating export revenues of more than EUR8bn in 2011. According to Kenny, Ireland will increase its food production to feed 15mn people by 2020.


Full Report Details at
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C&C Expands Reach Further: In late 2012, Irish drinks group C&C acquired US craft cider maker Vermont Hard Cider for EUR230mn, giving the group a 48% share of the fast-growing American cider market. The company also announced that it had agreed to buy Irish drinks supplier and distributor Gleeson Group in a deal worth EUR58mn. According to officials at C&C, the acquisition has the potential to transform the existing Irish business through the addition of an extensive distribution network and the creation of an attractive, multi-beverage-brand platform.

Key Risks To Outlook

The main risks to our outlook stem from Ireland's high public and private debt levels and the potential for a dramatic deterioration of the European sovereign debt crisis. While we have taken into account weak external demand and a deleveraging single currency, the country's sensitivity to external demand means that a further worsening of the eurozone crisis could see a return to negative GDP growth in 2013. In this scenario, reduced domestic and external demand could put pressure on the country's ability to adhere to the stringent fiscal conditions imposed by the EU/IMF.

Partial Table of Contents:

BMI Industry View
- BMI Industry View
SWOT
- Food
- Drink
- Mass Grocery Retail
Industry Forecast
- Food
- Consumer Outlook
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2010-2017
- Confectionery
- Table: Confectionery Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Processed Food
- Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Fruit & Vegetable Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Table: Table Headertable:headerPasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Oils & Fats
- Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Dairy
- Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Drink
- Soft Drinks & Bottled Water
- Table: Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2010-2017
- Alcoholic Drinks
- Table: Alcoholic Drinks Volume/Value Sales - Historical Data & Forecasts, 2010-2017
- Hot Drinks
- Table: Hot Drinks Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2010-2017
- Table: Table: Organised Retail Market Share, 2010 & 2020
- Trade
- Table: Food & Drink Trade Balance - Historical Data & Forecasts (US$mn), 2010-2017
Industry Risk Reward Ratings
- Western Europe Food & Drink Risk/Reward Ratings
- Table: Western Europe Q113 Food & Drink Risk/Reward Sub-Factor Ratings (scores out of 10)
- Table: Western Europe Q113 Food & Drink Risk/Reward Ratings
- Market Overview
- Food
- Agri-Food
- Confectionery
- Prepared Food
- Confectionery
- Prepared Food
- Drink
- Soft Drinks
- Alcoholic Drinks
- Mass Grocery Retail
- Table: Structure Of Ireland's Mass Grocery Retail Market By Estimated Number Of Outlets
- Table: Table: Annual Average Sales Per Outlet By Format - 2010
Industry Trends And Developments
- Food
- Drink
- Mass Grocery Retail
Competitive Landscape
- Food & Drink Key Players
- Table: Key Players In Ireland's Food Sector
- Table: Key Players In Ireland's Drink Sector
Company Profile
- Kerry Group
- Greencore
- C&C
- Tesco Ireland
Global Industry Overview
- Global Food & Drink Core Views
- Table: Core Views
Demographic Forecast
- Demographic Forecast
- Table: Table: Ireland's Population By Age Group, 1990-2020 ('000)
- Table: Table: Ireland's Population By Age Group, 1990-2020 (% of total)
- Table: Table: Ireland's Key Population Ratios, 1990-2020
- Table: Table: Ireland's Rural And Urban Population, 1990-2020
Glossary
- Glossary
- Food & Drink
- Mass Grocery Retail
Methodology
- Risk/Reward Ratings Methodology
- Table: Rewards
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Full Table of Contents is available at:
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