Australia Food & Drink Q4 2018
We expect to see modest growth in Australia's food sector from 2018 onwards, reflecting our expectations for aslowdown in the country's economic activity as well as various headwinds for household spending. Despite the slowdown, webelieve that premiumisation and healthification trends will continue throughout our forecast period. Australia's mature alcoholicdrinks market will register only minor increases in terms of volume consumption, while the non-alcoholic drinks sector continues tooffer opportunities for premiumisation, especially in the coffee and mineral water categories. We continue to see fierce competitionin the mass grocery retail sector, which will foster innovation and put pressure on prices.
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