2014-04-24 11:00:05 - United States Food and Drink Report Q3 2013 - a new market research report on companiesandmarkets.com
We have downgraded our US real GDP growth forecast for 2013 to 2.1% from 2.3%, owing mainly to base effects from late 2012 and the decision to maintain the ´sequester´ cuts to federal spending. Our core view on the US economy is that the recovery is becoming increasingly entrenched, and that by 2014, many of the headwinds to growth will be dissipating. Our forecast for improving yet below-trend consumption is predicated upon several factors. The increase in payroll tax beginning in 2013 will be a headwind. However, recent data show that despite this decline, real disposable income has been rising slowly in year-on-year terms, and given the weak inflation picture in the US, we see potential for additional strength. Still,
we see remaining uncertainties for the consumer sector, and we expect food and drink consumption growth to remain subdued in the medium term as a result.
Headline Industry Forecasts (local currency)
- 2013 per capita food consumption = +1.9%; five-year compound annual growth rate (CAGR) to 2017 = +2.6%.
- 2013 alcoholic drinks value sales = +3.5%; CAGR to 2017 = +3.6%.
- 2013 soft drink value sales = +3.0%; CAGR to 2017 = +2.1%.
- 2013 mass grocery retail sales = +2.7%; CAGR to 2017 = +2.7 %.
Click for report details: www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..
Browse all Food and Drink Market Research Reports www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..
Browse all Food and Drink Company Profile Reports www.companiesandmarkets.com/Market/Food-and-Drink/Company-Profil ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.