United Kingdom Food and Drink Report Q4 2014

Business Monitor International
September 24, 2014
162 Pages - SKU: BMI5332212
Countries covered: United Kingdom

United Kingdom Food and Drink Report Q4 2014

BMI View: The UK economy will set the pace for growth in Europe this year. Given the strength of recentgrowth numbers and the continued slew of positive macro data, we have revised up our 2014 growthforecast to 2.9% from 2.6% previously. However, we continue to warn that without a robust recovery inwages and business spending, the current rebound is at risk of losing momentum. In fact, most of the recentboom in consumer spending has been encouraged by rising property prices in London and other localisedareas, which is unsustainable for retailers. As a result, we are cautious about growth in the food and drinkarea, especially in value terms as competition for value and consumer's more careful spending habits willlimit potential for the industry in the near term.

Headline Industry Data

2014 total food consumption growth (local currency terms): +3.0%; compound annual growth rate(CAGR) to 2018: +4.2%.

2014 per capita food consumption growth (local currency terms): +2.4%; CAGR to 2018: +3.6%.



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