Business Monitor International


France Food & Drink Report

Published 10 March 2014

  • 128 pages
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$1,295.00
France Food & Drink Report

France's economic stagnation is becoming increasingly salient as recovery in the rest of the eurozone picks up momentum. In response to weaker demand, domestic manufacturers continued to cut jobs. The growing underperformance of French exports suggests that the lack of competitiveness in the manufacturing sector remains a major impediment to economic growth, and the increasing strength of the euro is likely to further exacerbate this dynamic. Spending by households was surprisingly strong in Q213, growing by 0.5% y-o-y against a contraction of 0.1% in the first quarter of the year, although, as previously noted, this was largely due to higher energy spending. French household consumption has historically proven relatively resilient to economic downturns, in part due to the difficulties businesses experience in shrinking the workforce but also due to the state's generous social security system. Nonetheless, with unemployment now above the 3.0 million mark - bringing the unemployment rate to 10.5% - and unlikely to fall substantially over the near term, the outlook for household consumption remains relatively subdued. Still, domestic food sales will benefit from the fact that France is one of the few European countries with a growing, young population: 20% of its population is under 25.

Headline Industry Data (local currency)

  • 2014 per capita food consumption = +0.3%; forecast compound annual growth rate (CAGR) to 2018 = +0.8%.

  • 2014 alcoholic drink value sales = +0.4%; forecast CAGR to 2017 = +0.5%.

  • 2014 soft drink value sales = +2.6%; forecast CAGR to 2017 = +2.6%.

  • 2014 mass grocery retail sales = +2.5%; forecast CAGR to 2017 = +2.5%.

Poultry Only Segment To See Growth: We have turned more positive regarding poultry production in the EU-28 in 2013 and 2014, as the sector has benefited from strong regional and export demand growth. Poultry is less affected by periods of economic weakness, as it is cheaper and more convenient to cook. EU-28 production in...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
18
Food Consumption
18
Table: Food Consumption - Historical Data & Forecasts, 2011-2018
18
Prepared Food/Canned Food
19
Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2011-2018
19
Confectionery
20
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2011-2018
21
Drink
22
Hot Drinks
22
Table: Coffee/Tea Sales - Historical Data & Forecasts, 2011-2018
22
Soft Drinks
23
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
23
Alcoholic Drinks
25
Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
27
Mass Grocery Retail
28
Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2011-2018
29
Table: Grocery Retail Sales By Format
29
Trade
30
Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2011-2018
30
Macroeconomic Forecast
31
Economic Analysis
31
Real GDP By Expenditure
32
Risks To Outlook
36
Table: France - Economic Activity
37
Industry Risk/Reward Ratings
38
Western Europe Risk/Reward Ratings
38
Table: Western Europe Food & Drink Risk/Reward Ratings Q214
39
Table: Western Europe Food & Drink Risk/Reward Sub-Factor Ratings Q214 (scores out of 10)
42
France Risk/Reward Ratings
43
Market Overview
45
Food
45
Food Processing
45
Prepared Food/Canned Food
45
Table: Frozen Fruits Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
46
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
47
Meat
49
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
49
Fish
51
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
51
Oils And Fats
54
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
54
Dairy
59
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
60
Confectionery
64
Snack Foods
64
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
65
Trade
68
Organic Farming
68
Drink
69
Soft Drinks
69
Alcoholic Drinks
69
Mass Grocery Retail
71
Industry Trends And Developments
74
Food
74
Key Industry Trends And Developments
74
Drink
80
Key Industry Trends And Developments
80
Mass Grocery Retail
86
Competitive Landscape
92
Table: Key Players In France's Food Sector
92
Table: Key Players In France's Drink Sector
93
Table: Key Players In France's Mass Grocery Retail Sector
93
Company Profile
96
Groupe Danone
96
Nestl- France
99
LVMH Group (Mo-t Hennessy Louis Vuitton)
102
Pernod Ricard
104
Carrefour
107
Groupe Auchan
110
Groupe Casino
112
Global Industry Overview
115
Table: Food And Drink Core Views
124
Demographic Forecast
125
Table: France's Population By Age Group, 1990-2020 ('000)
126
Table: France's Population By Age Group, 1990-2020 (% of total)
127
Table: France's Key Population Ratios, 1990-2020
128
Table: France's Rural And Urban Population, 1990-2020
128
Glossary
129
Food & Drink
129
Mass Grocery Retail
129
Methodology
131
Industry Forecast Methodology
131
Sector-Specific Methodology
132
Sources
132
Risk/Reward Rating Methodology
133
Table: Food & Drink Risk/Reward Rating Indicators
134
Table: Weighting
135

The France Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's France Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in France.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for France to test other views - a key input for successful budgeting and strategic business planning in the French food and drink market.
  • Target business opportunities and risks in France through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Ratings

BMI's Food & Drink Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc