Australia Food & Drink Q1 2020
Food and drink spending growth in Australia will be positive over the 2019-2023 period, with the sector benefiting fromthe high disposable incomes of consumers in the country. We expect the premiumisation and healthification trends to play out overthe coming years. Fresh vegetables will be one of the best performing food spending categories due to increased spending. In thealcoholic drinks sub-sector, we expect premium alcoholic drinks products to experience strong demand. Bottled water and fruit andvegetable juice spending will outperform carbonated drinks in the non-alcoholic drinks sub-sector as consumers spend more onhealthier alternatives.
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