2012-09-21 07:13:27 - The Rise of the Emerging Market Consumer: Investment Opportunities Abound - Market Report - a new market research report on companiesandmarkets.com
Over the coming 10 years we expect there to be a major shift in global economic power and private consumption. By 2017 emerging markets will represent over 50% of world GDP for the first time in 150 years, and we see these gains as being part of a long-term trend rather than being a product of the current developed world economic malaise.
The emerging world has grown from representing just 23.0% of the world economy in 1999 to 39.7% by 2011, and will grow to 56.2% by the end of our forecast period in 2021. With private final consumption representing just under 60% of global GDP, we expect household spending to be at the forefront of this trend. This sector of
the global economy is set to grow by 108% between 2010 and 2021 in nominal US$ terms, driven mainly by emerging markets. While we see annual average developed market private consumption growth at 2.0%, we expect emerging markets to surge ahead by 5.4% per annum.
On a regional level, we expect Asia, Africa and Emerging Europe to outperform over the period 2010-2021, with Latin America and the Middle East and North Africa (MENA) lagging behind the emerging markets growth average. However, all emerging regions are set to grow at a rate well above both the global and developed market averages. On a country level, China is of particular note. We foresee the Chinese economy gradually rebalancing away from the intensive investment and export model pursued over the last decade. Given that in 2010 Chinese private final consumption represented just 34.6% of GDP following many years of relative decline, there is considerable room for it to increase over a multi-decade time horizon.
The increase in spending will open up massive investment opportunities across emerging markets. In this report, we look at opportunities in the ten largest emerging consumer markets in the world, as well as other exciting markets including Colombia, across the food and drink, automotive and Information and Communication Technology Industries. Strong growth rates can be found in many sectors. Across ten leading food and drink markets, food consumption is expected to grow rapidly in the five years to 2015.
On average, per capita food consumption growth is expected to increase on a compound annual basis by 13.1% in US dollar terms. This translates into growth of a massive 87%. In the autos industry, meanwhile, market heavyweights India and China are forecast to see double digit growth over the next five years, while in the telecoms industry 65.5% of new global mobile subscriber net additions will be in the BRIC economies alone. The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
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