Serbia Food & Drink Q4 2019
Food and drink spending will be strong over our 2019-2023 forecast period due to rising disposable incomes. While weare seeing a positive trend in disposable incomes, per capita disposable incomes remain low. We expect Serbian consumers toremain relatively price sensitive, spending on value-priced food lines, which presents limited opportunities for premiumisation overour forecast period. We forecast stronger growth in the non-alcoholic drinks sector compared with the alcoholic drinks sector withcoffee and mineral waters sales growing at annual averages of more than 7% over 2019-2023.
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