BMI View: Although one of the smaller markets in the region in terms of the total population size, NewZealand's food and drink's retail sector nonetheless offers healthy growth potential. High average incomelevels boost food and drinks consumption rates to competitive levels while a growing shift towards healthierproducts and more convenience foods will create new revenue streams. Premium products, particularly inthe alcoholic drinks segment, are also increasingly popular.
Latest Updates And Industry Developments
The two leading grocery chains, Countdown and Foodstuffs, continue to dominate the mass groceryretail segment in New Zealand, accounting for around 90% of sales. Changing consumption patterns andmoves to gain market share mean both firms are expanding their stores across the country.