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New market study, "Greece Food & Drink Report Q1 2014", has been published


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2013-12-04 10:31:20 - New Food research report from Business Monitor International is now available from Fast Market Research

Greece has been battered by the eurozone sovereign debt crisis, enduring five years of economic contraction. The economic sentiment indicator published by the European Commission has surged in recent months, having languished near record lows in 2012. Even with the most recent data showing a slight deterioration, the sentiment indicator is still at levels not seen since 2008. This development has been mirrored across the board. Therefore, the outlook for consumer spending is now marginally better than it was a few months ago.

Headline Industry Data (local currency)

* 2013 per capita food consumption = -3.8%; forecast compound annual growth rate (CAGR) 2013-2017 = +0.8%.
* 2013 alcoholic drink value sales = -2.3%; forecast CAGR 2013-2017 = -0.3%.
* 2013 soft

drink value sales = -6.5%; forecast CAGR 2013-2017 = -0.6%.
* 2013 mass grocery retail sales = -3.2%; forecast CAGR 2013-2017 = +0.3%.

Full Report Details at
- www.fastmr.com/prod/723459_greece_food_drink_report_q1_2014.aspx

Key Company Trends

Companies Remain Committed To Greece Despite Outlook: Given the gloomy economic and consumer outlook for Greece, companies are likely to increase their focus on cost-reduction strategies. The question remains of how far they are prepared to go, as the political situation remains electrified. Nevertheless, some companies remain committed to the country. For example, in March 2013 the Greek division of Switzerland-based food and drink company Nestle dismissed news reports that it has asked the Greek government to make it easier to fire employees, reports Greek Reporter. Instead, the company reportedly has plans to invest around EUR8mn (US$10.4mn) into modernising its factories and developing new products.

Key Risks To Outlook

Uncertain Economic Outlook And Risk Of Deflation: Given the severity of Greece's economic depression (which has eroded demand-side price pressure) and the fragility of the global economy (which is weighing on commodity prices), we believe that the risks to our core forecasts are to the downside. Should the rate of economic contraction accelerate or local monetary conditions tighten even further, we warn that prices could fall beyond what we currently anticipate. There is also a lingering risk posed by global commodity prices. Should demand from fast-growing emerging markets, particularly China, slow sharply, commodity prices could undergo a significant correction, which would push down imported price pressure in Greece.

Report Table of Contents:

BMI Industry View
SWOT
- Food
- Drink
- Mass Grocery Retail
Industry Forecast
- Consumer Outlook
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2010-2017
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Pasta
- Meat
- Frozen Food
- Baked Goods
- Dairy
- Drink
- Hot Drinks
- Table: Hot Drinks Value Sales - Historical Data & Forecasts, 2010-2017
- Soft Drinks
- Table: Soft Drink Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Alcoholic Drinks
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2010-2017
- Table: Grocery Retail Sales By Format
- Trade
- Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2010-2017
Macroeconomic Forecast
- Economic Analysis
- Table: Greece - Economic Activity
Industry Risk Reward Ratings
- Western Europe Risk/Reward Ratings
- Table: Western Europe Food & Drink Risk/Reward Ratings Q114
- Table: Western Europe Food & Drink Risk/Reward Sub-Factor Ratings Q114 (scores out of 10)
- Greece Risk/Reward Ratings
Market Overview
- Food
- Food Consumption
- Food Production
- Leading Producers
- Trade
- Agriculture
- Organic Agriculture
- Seafood
- Drink
- Alcoholic Drinks
- Soft Drinks
- Hot Drinks
- Mass Grocery Retail
- Table: Structure Of Mass Grocery Retail Market By Estimated Number Of Outlets, 2003-2012
- Table: Structure Of The Greek Mass Grocery Retail Market By Value (US$bn), 2003-2012
- Table: Average Value Of MGR Outlets 2012
Industry Trends And Developments
- Food
- Key Industry Trends And Developments
- Drink
- Key Industry Trends And Developments
- Mass Grocery Retail
- Key Industry Trends And Developments
Competitive Landscape
- Table: Key Players In Greece's Food Sector
- Table: Key Players In Greece's Drink Sector
- Table: Key Players In Greece's Mass Grocery Retail Sector
Company Profile
- Unilever
- Nireus Aquaculture
- Fage International
- Vivartia
- Coca-Cola Hellenic Beverages Company
- J Boutari & Son Holding
- Athenian Brewery
- Marinopoulos
- Alfa-Beta Vassilopoulos (Delhaize)
Global Industry Overview
- Table: Food And Drink Core Views
Demographic Forecast
- Demographic Outlook
- Table: Greece's Population By Age Group, 1990-2020 ('000)
- Table: Greece's Population By Age Group, 1990-2020 (% of total)
- Table: Greece's Key Population Ratios, 1990-2020
- Table: Greece's Rural And Urban Population, 1990-2020
Glossary
- Food & Drink
- Mass Grocery Retail
Methodology
- Industry Forecast Methodology
- Sector-Specific Methodology
- Sources
- Risk/Reward Rating Methodology
- Table: Food & Drink Risk/Reward Rating Indicators
Table: Weighting

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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