2012-09-07 16:00:11 - New Food research report from Business Monitor International is now available from Fast Market Research

Taken as a whole, the Caribbean consumer sector remains challenging, with the region hit hard by the global economic downturn. Markets such as Jamaica, the Bahamas and Puerto Rico were among the first to enter recession and have been among the slowest to recover. This has put downwards pressure on the propensity to spend and has led to a drop in demand for discretionary and non-discretionary goods across the region. That said, the region is recovering and there are also several markets, including the Dominican Republic and Trinidad & Tobago, which were much more resilient during the global crisis and have bounced back much more swiftly. There remain significant pockets of opportunity in the region.

Headline Industry Data

2011 food consumption per

capita/forecast 2012 growth/forecast compound annual growth rate (CAGR) to 2016 (all in US dollar terms):


Full Report Details at
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* Bahamas: US$1,804/+0.9%/1.0%
* Barbados: US$1,165/+4.5%/+4.0%
* Dominican Republic: US$231/+3.7%/+2.9%
* Jamaica: US$292/+3.7%/+4.7%
* Puerto Rico: US$942/+3.1%/+4.0%
* Trinidad & Tobago: US$1,091/5.4%/+5.3%

Key Company Trends

Pernod Ricard Moving On From Havana Club Battle After Another Court Defeat: In May 2012, Global spirits firm Pernod Ricard looked close to giving up its battle to secure rights to the Havana Club brand in the US after the US Supreme Court refused to review a law that prevents the firm from renewing the trademark in the country. On the same day of this judgement, Pernod Ricard announced the development of a new Cuban rum brand for the market, Havanista, which would be launched should the current embargo on Cuban products be lifted.

Nestle Invests In Jamaican Milk Energy Brand: In July 2012, Nestle Jamaica announced a new production line for its Supligen milk-based energy drink. The facility, which required an investment of US$7.6mn, is located at its Bybrook plant in Linstead. The plant will boost production volumes and allow the firm to lessen its reliance on imports. Nestle added that following the upgrade, the Supligen brand will now be packed in smaller can sizes (from 367mnl to 280ml); this is very likely a response to relatively high levels of inflation and the corresponding weakness in real income growth.

Key Risks To Outlook

Different Prospects for Individual Caribbean Markets: Given that the Caribbean is not a homogenous food and drinks markets, risks are on both upside and downside in relation to individual countries surveyed. For example, given that tourism continues to account for a significant proportion of economic activity in Jamaica, improved international perceptions of the island are likely to bode well for real GDP growth and thus also for consumer outlook. Furthermore, on the domestic front, this is likely to encourage greater investment into both hotel and transport infrastructure from the private sector. On the other hand, in Puerto Rico, one of the largest regional food and drinks markets, while huge structural reforms have dramatically improved the island's fiscal outlook, growth is set to remain weak, especially as the authorities aim to rein in public sector spending.

Partial Table of Contents:

SWOT Analysis
- Caribbean Food Industry SWOT
- Caribbean Drink Industry SWOT
- Caribbean Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: Core Views
Macroeconomic Forecasts
- Barbados
- Table: Barbados - Macroeconomic Data & Forecasts
- Dominican Republic
- Table: Dominican Republic - Macroeconomic Data & Forecasts
- Puerto Rico
- Table: Puerto Rico - Macroeconomic Data & Forecasts
- Jamaica
- Table: Jamaica - Macroeconomic Data & Forecasts
- Puerto Rico
- Table: Puerto Rico - GDP By Expenditure, Real Growth %
- Trinidad & Tobago
- Table: Trinidad & Tobago - Macroeconomic Data & Forecasts
Industry Forecast Scenario
- Regional Consumer Outlook
- Food
- Table: Food Consumption In Selected Caribbean Markets
- Table: Barbados - Margarine
- Table: Trinidad & Tobago - Margarine
- Table: Dominican Republic - Oils & Fats
- Table: Trinidad & Tobago - Oils & Fats
- Table: Dominican Republic - Dairy
- Table: Jamaica - Meat
- Drink
- Alcoholic Drinks
- Table: Barbados - Beer
- Table: Dominican Republic - Beer
- Table: Jamaica - Beer
- Table: Trinidad & Tobago - Beer
- Table: Cuba - Beer
- Soft Drinks
- Table: Barbados - Carbonated Soft Drinks
- Table: Dominican Republic - Carbonated Soft Drinks
- Table: Jamaica - Carbonated Soft Drinks
- Table: Cuba - Carbonated Soft Drinks
- Hot Drinks
- Table: Cuba - Coffee
- Trade
- Table: Food & Drink Trade Balance - Historical Data & Forecasts (US$mn)
- Mass Grocery Retail
- Table: Total Sales Via Grocery Retail Outlets In Selected Caribbean Markets*
- Bahamas
- Barbados
- Dominican Republic
- Jamaica
- Puerto Rico
- Trinidad & Tobago
Food
- Regional Overview
- Table: Caribbean Imports Of Agri-food Goods From The US, 2005-2009 (US$mn)
- Key Industry Trends And Developments
- Nestle Invests In Jamaican Milk Energy Brand
- Fast-Food Sector Growing In Caribbean
- Wisynco To Benefit From Economic Growth And Rising Tourist Numbers
- JEA Predicts Loss Of Market Share Under New US Food Law
- Foreign Investors Seeking Opportunities In The Sugar Industry
- Agricultural Diversification Under Way

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=456317&dt=t

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