Global Food and Drink Report Q4 2017
BMI View: After a number of slow growth years for Food & Drink spending in 2014-2016, we haveforecast a bump in 2017 as economic growth accelerates globally. Saturation in developed markets leads tostrong opportunities for premiumisation and a broad recovery in emerging markets will be critical fordriving revenues in untapped areas. Although a relatively minor deal, the acquisition of Blue Bottle Coffeeby Nestlé in September is indicative of the activity we have long highlighted as strategic from F&D majors.
Namely, acquiring innovative, premium offshoot companies in high growth sub-sectors to drive revenuegrowth as their traditional products are experiencing declining demand. We expect this trend to continue toplay out over the rest of 2017 and into 2018, as changing consumer preferences dictate that F&D majorsmust respond.
Latest Updates And Industry Developments
We forecast the global food and non-alcoholic drinks industry to grow by 7.6% in 2017 and to average anannual rate of growth of 6.0% over the next five years to 2021, reaching USD8.5trn in 2021.
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