2014-02-07 23:45:02 - Netherlands Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
The economic recession in the Netherlands has made it difficult for the government to persevere with fiscal austerity, which could provide a temporary boost to food and drink sales in the country. However, given the government´s role in promoting public finance reform across the eurozone, the coalition is unlikely to change course for the time being and will respond to missed fiscal targets with further budget savings. An expected return to positive economic growth in 2014 would provide some cover for the government´s austerity agenda. Nevertheless, we do not expect much dynamism in the country´s food and drink market in the short term, with discounted goods remaining popular amid high unemployment and rising inflation.
Headline Industry Data (local currency)
- 2013 per
capita food consumption growth: +1.49%; forecast compound annual growth rate (CAGR) to 2017 = +3.22%.
- 2013 alcoholic drink value sales growth: +1.48%; forecast CAGR to 2017 = +1.48%.
- 2013 soft drink value sales growth: +2.25%; forecast CAGR to 2017 = +2.73%.
- 2013 mass grocery retail sales growth: +2.74%; forecast CAGR to 2017 = +4.12%.
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