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Recently released market study: Caribbean Food & Drink Report Q1 2014


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2013-12-02 13:05:54 - Fast Market Research recommends "Caribbean Food & Drink Report Q1 2014" from Business Monitor International, now available

The consequences of the global economic downturn, which severely affected the region in 2009-2011, still haunt most of the Caribbean economies. A difficult fiscal situation, slowly recovering tourist arrivals and global crackdown on offshore financial centres, which were profoundly important to the region, will weigh on the economic recovery and consumer spending over the forecast period. However, longer term opportunities will be present, especially in those markets which are undergoing significant structural reforms.

Headline Industry Data

Forecast 2013 food consumption growth (local currency):

* Bahamas: +1.7%
* Barbados: +2.7%
* Dominican Republic: +3.9%
* Jamaica: +6.2%
* Puerto Rico: +2.3%
* Trinidad & Tobago: +2.6%

Full Report Details at
- www.fastmr.com/prod/723438_caribbean_food_drink_report_q1_2014.a ..

Forecast food

consumption compound annual growth rate 2012 to 2017 (local currency):

* Bahamas: +2.1%
* Barbados: +2.6%
* Dominican Republic: +5.7%
* Jamaica: +6.3%
* Puerto Rico: +3.8%
* Trinidad & Tobago: +3.1%

Key Company Trends

Angostura Introduces Ultra-Premium Rum: Trinidad & Tobago-based drinks company The House of Angostura (Angostura), one of the largest alcoholic drink producers in the Caribbean, has introduced anew ultra-premium rum. Legacy by Angostura, with only 20 limited edition bottles produced, will each sell for US$25,000. Angostura, a subsidiary of Trinidadian conglomerate CL Financial, has been looking to market the rum as a premium drink, while highlighting its Caribbean heritage.

Heineken Increases Investments in Haiti: In April 2013, global brewing giant Heineken announced that it will be investing over U$40mn in the coming years to upgrade and expand the Brasserie Nationale d'Haiti (BRANA) brewery in Port-au-Prince, Haiti. A part of the investment will include funding for regional programmes to build the capacity of smallholder farmers. Heineken employs more than 1,200 people in Haiti, and by 2018 the company plans to have given significant economic support to local farmers through sourcing their sorghum for use in packaging.

Key Risks To Outlook

Outlook Differs Throughout The Region: Given that the Caribbean is not a homogenous food and drinks market, there are both upside and downside risks depending on the country. 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. On the domestic front, this is likely to encourage greater investment into both hotel and transport infrastructure from the private sector. While huge structural reforms in Puerto Rico, one of the largest regional food and drinks markets, 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:

BMI Industry View
SWOT
- Food
- Drink
- Mass Grocery Retail
Industry Forecast
- Consumer Outlook
- Food
- Food Consumption
- Table: Caribbean Food Consumption - Historical Data & Forecasts, 2010-2017
- Oils & Fats
- Table: Barbados - Margarine - Historical Data & Forecasts, 2010-2017
- Table: Dominican Republic - Crude Soya-Bean Oil - Historical Data & Forecasts, 2010-2017
- Table: Trinidad & Tobago - Crude Soya-Bean Oil - Historical Data & Forecasts, 2010-2017
- Dairy
- Table: Dominican Republic - Dairy - Historical Data & Forecasts, 2010-2017
- Drink
- Alcoholic Drinks
- Table: Barbados - Beer - Historical Data & Forecasts, 2010-2017
- Table: Dominican Republic - Beer - Historical Data & Forecasts, 2010-2017
- Table: Jamaica - Beer - Historical Data & Forecasts, 2010-2017
- Table: Trinidad & Tobago - Beer - Historical Data & Forecasts, 2010-2017
- Soft Drinks
- Table: Barbados - Carbonated Soft Drinks - Historical Data & Forecasts, 2010-2017
- Table: Dominican Republic - Carbonated Soft Drinks - Historical Data & Forecasts, 2010-2017
- Table: Jamaica - Carbonated Soft Drinks - Historical Data & Forecasts, 2010-2017
- Mass Grocery Retail
- Bahamas
- Barbados
- Dominican Republic
- Jamaica
- Puerto Rico
- Trinidad & Tobago
- Table: Total Sales Via Grocery Retail Outlets In Selected Caribbean Markets, 2010-2017
- Trade
- Table: Food & Drink Trade Balance - Historical Data & Forecasts, 2010-2017 (US$mn)
Macroeconomic Forecasts
- Bahamas
- Table: Bahamas - Macroeconomic Forecasts
- Barbados
- Trinidad & Tobago
- Table: Trinidad & Tobago - Fiscal Policy
- Dominican Republic
- Jamaica
- Puerto Rico
- Table: Selected New Tax Measures
Industry Risk Reward Ratings
- Latin America Risk/Reward Ratings
- Table: Latin America Food & Drink Risk/Reward Ratings Q114
- Table: Latin America Food & Drink Risk/Reward Sub-Factor Ratings Q114 (scores out of 10)
Market Overview
- Food
- Drink
- Mass Grocery Retail
Industry Trends And Developments
- Food
- Drink
Competitive Landscape
- Table: Key Players In The Caribbean Food Market
- Table: Key Players In The Caribbean Drinks Market

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=723438&dt=t

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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