BMI View: Following nine straight quarters of contraction, we forecast real GDP growth in Italy to reach 0.4% and 0.7% in 2014 and 2015 respectively. With one of the highest household savings rates in Europe prior to the crisis, and among the lowest private debt burdens, private consumption has not been a strong driver of GDP growth in the past decade. We do not expect this trend to change, and forecast private consumption growth of 0.3% and 0.7% in 2014 and 2015 respectively. This has negative implications for food and drink spending , although we do expect to see an improvement in this over our forecast period .
Headline Industry Data (local currency)
2014 per capita food consumption = +0.6% year-on-year (y-o-y); compound annual growth rate (CAGR) 2013 to 2018 = +1.1%
2014 alcoholic drink value sales = +1.7%; CAGR 2013 to 2018 = +2.1%
2014 soft drink value sales = +0.9% ; CAGR 2013 to 2018 = +2.3%
2014 mass grocery retail sales = +0.8%; CAGR 2013 to 2018 = +1.4%
Key Industry Trends And Developments
Jackson Family Wines Targets Italy For M&As In 2014: US-based Jackson Family Wines is planning to make further acquisitions in 2014 with Italy as its primary target in a drive to boost growth, reports just-drinks, citing the group's president Rick Tigner. This comes as the company believes it is 'very strong financially' and interest rates are at an all-time low. This follows the company's newly acquired 2,000-acre Tenuta di Arceno estate in Italy and its first US property outside California, in Oregon.
Nestlé Looks T o Ferrero for Growth : There were reports in autumn 2013 that Swiss giant Nestlé had approached Italian confectionery manufacturer Ferrero in an attempt to gauge interest over a possible acquisition. Ferrero has since replied, stating that its business 'is not for sale in the most categorical and absolute manner'. A takeover of Ferrero, however, would represent an excellent move from Nestlé, which is hoping to expand its...
The Italy 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 Italy 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 Italy.
- Benchmark BMI's independent food and drink industry forecasts for Italy to test other views - a key input for successful budgeting and strategic business planning in the Italian food and drink market.
- Target business opportunities and risks in Italy 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.
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.
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.
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.