2014-02-07 23:57:03 - Philippines Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
While the Philippines´ economy continues to expand at a healthy rate and despite its expanding base of young consumers, we believe that the country offers limited potential in its grocery and food and drink markets. Multinational investment has been slow to penetrate the market, which in itself continues to present numerous challenges to players in the sectors. Issues such as widespread poverty, highly uneven income distribution, under-developed mass grocery retail networks and high levels of unemployment will continue to weigh on the consumer outlook.
Headline Industry Data (local currency) 2014 per capita food consumption = +5.98%; compound annual growth rate (CAGR) forecast 2014 to 2017 = +4.54% 2014 alcoholic drinks value sales = +7.41%; CAGR growth forecast 2014 to 2017 =
+4.99% 2014 soft drinks value sales = +7.76%; CAGR growth forecast 2014 to 2017 = +5.87% 2014 mass grocery retail sales = +6.94%; CAGR growth forecast 2014 to 2017 = +5.13%
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