We continue to believe that Ireland's economic recovery will gather momentum in 2014 with the economy growing at an annual rate of 2.3 % , followed by 2.5 % the following year , driven by an improving export outlook and recovery in private consumption. Gradually easing unemployment and rising wages should support a modest increase in household disposable incomes , which we expect to have positive implications for consumer spending on food and drink.
Headline Industry Data (local currency)
* 2014 per capita food consumption +1.6%; forecast compound annual growth rate (CAGR) 2013 to 2018 +2.4%
* 2014 alcoholic drink sales +2.3%; forecast CAGR 2013 to 2018 +3.8%
* 2014 soft drink sales +3.2%; forecast CAGR 2013 to 2018 +4.2%
* 2014 mass grocery retail sales +3.0%; forecast CAGR 2013 to 2018 +4.4%
Key Industry Trends & Developments
North Cork Co-operative To Build New Milk Powder Processing Unit: In March 2014 Ireland-based North Cork Co-operative Creameries announced its plans to set up a new EUR5mn (USD6.931mn) milk powder processing plant in the Irish town of Kanturk to meet the growing consumer demand for dairy products. The new unit has capacity to process about two tonnes of spray dried milk powders in an hour. 'Through this innovative investment, North Cork has built an impressive facility making food ingredient products to the highest international quality standards,' said Ireland Agriculture, Food and Marine Minister Simon Coveney (Food Business Review).
Full Report Details at
- http://www.fastmr.com/prod/854027_ireland_food_drink_report_q3_2014.aspx?afid=101
C&C Acquires Wallaces Express: In March 2014 Ireland-based brewery C&C Group purchased the remaining 50% stake in Scotland-based wines and spirits wholesaler Wallaces Express for an undisclosed amount. The move comes after the firm initially acquired a 50% stake in Wallaces in March 2013. Under the terms of the agreement, Wallaces Express will change its name to Wallaces TCB, which plans to offer a complete range of products across the Scottish independent on-trade. The...
The Ireland Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI's Ireland Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Ireland.
Key Benefits
* Benchmark BMI's independent food and drink industry forecasts for Ireland to test other views - a key input for successful budgeting and strategic business planning in the Irish food and drink market.
* Target business opportunities and risks in Ireland through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
* Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.
Business Environment Rankings
BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.
The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.
Food Forecasts
BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:
Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.
Drink Forecasts
Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.
Mass Grocery Retail Forecasts
Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.
Competitive Landscape & Profiles
Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.
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