Over the next five years, we see three trends in private consumption for the major emerging markets in Asia. China will see some of the fastest growth rates in the region. We forecast average annual real private consumption growth of 8.0% over the next five years. These high growth rates chime with the rebalancing of the economy towards greater private consumption and, as such, will see private consumption growth remain strong, despite our forecasts for a slowdown in the overall economy's real growth rate to below 7.0% over the coming years.
While the outlook for China's traditional economic growth drivers such as heavy industry and real estate construction remains cloudy, the outlook facing the more consumer-focussed industries is relatively strong over the medium term. Overall, though, as the traditional sectors remain the dominant drivers of the economy, we remain below consensus in our real GDP growth outlook, and caution that the inevitable bursting of the ongoing credit bubble could also serve to undermine the profitability of the consumer-focussed industries.
Full Report Details at
- http://www.fastmr.com/prod/956848_china_food_drink_report_q2_2015.aspx?afid=301
Headline Industry Data
* 2015 food consumption local currency = +7.5%; compound annual growth rate (CAGR) forecast between 2014 and 2019 = +9.1%.
* 2015 beer volume sales = +6.1%; CAGR forecast between 2014 and 2019 = +5.6%.
* 2015 mass grocery retail sales (local currency) = +7.8%; CAGR forecast between 2014 and 2019 = +8.8%.
Key Industry Trends
Dunkin' Donuts Sets Out Ambitious Expansion Plan : In January 2015, it was reported that the coffee and baked goods chain Dunkin' Donuts planned to open 1,400 new stores in China in the next 20 years in a bid to increase its brand presence in the country. The doughnut chain has signed a franchise agreement with Golden Cup, a joint venture between Jollibee Worldwide and Jasmie Asset Holding, the latter being a subsidiary of RRJ Capital Master Fund II. Dunkin' Donuts currently has 16 branches in China, while it has a total of 2,200 stores across the...
The China 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 China 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 China.
Key Benefits
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)
You may also be interested in these related reports:
- Colombia Food & Drink Report Q2 2015
- Greece Food & Drink Report Q2 2015
- Kazakhstan Food & Drink Report Q2 2015
- Australia Food & Drink Report Q2 2015
- Bahrain Food & Drink Report Q2 2015
"China Food & Drink Report Q2 2015" now available at Fast Market Research
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001