Business Monitor International


Italy Food & Drink Report

Published 21 March 2014

  • 112 pages
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$1,295.00
Italy Food & Drink Report

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...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
12
Industry Forecast
13
Consumer Outlook
13
Food
16
Food Consumption
16
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
16
Confectionery
16
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2011-2018
17
Canned/Prepared Food
17
Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2011-2018
18
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
18
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
19
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
20
Meat, Fish And Dairy
22
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
22
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
23
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
24
Drink
26
Soft Drinks
26
Table: Soft Drink Value/Volume Sales - Historical Data & Forecasts, 2011-2018
26
Alcoholic Drinks
27
Table: Alcoholic Drink Value/Volume Sales - Historical Data & Forecasts, 2011-2018
28
Mass Grocery Retail
28
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
29
Table: Retail Sales Breakdown By Format Type, %
30
Trade
31
Table: Trade Indicators - Historical Data & Forecasts, 2011-2018
31
Macroeconomic Forecast
32
Table: Italy - Economic Activity
39
Industry Risk Reward Ratings
40
Western Europe Risk/Reward Ratings
40
Table: Western Europe Food & Drink Risk/Reward Ratings Q214
41
Table: Western Europe Food & Drink Risk/Reward Sub-Factor Ratings Q214 (scores out of 10)
44
Italy Risk/Reward Ratings
45
Market Overview
47
Food
47
Agriculture
47
Food Processing
47
Prepared Food
48
Confectionery
48
Drink
49
Hot Drinks
49
Soft Drinks
49
Alcoholic Drinks
50
Mass Grocery Retail
51
Table: Structure Of Italy's Mass Grocery Retail Market By Estimated Number Of Outlets, 2003-2010
53
Table: Annual Average Sales Per Outlet By Format (US$mn)
53
Industry Trends And Developments
54
Food
54
Key Industry Trends And Developments
54
Drink
61
Key Industry Trends And Developments
61
Mass Grocery Retail
64
Key Industry Trends And Developments
64
Competitive Landscape
68
Table: Key Players In Italy's Food Sector
68
Table: Key Players In Italy's Drink Sector
69
Table: Key Players In Italy's Mass Grocery Retail Sector
69
Company Profile
72
Gruppo Galbani
72
Perfetti Van Melle
74
Gruppo Barilla
76
Carapelli Firenze SE
79
Gruppo Campari
81
Birra Peroni
84
Conad
86
Global Industry Overview
88
Table: Food And Drink Core Views
97
Demographic Forecast
98
Table: Italy's Population By Age Group, 1990-2020 ('000)
99
Table: Italy's Population By Age Group, 1990-2020 (% of total)
100
Table: Italy's Key Population Ratios, 1990-2020
101
Table: Italy's Rural/Urban Population Split, 1990-2020
101
Glossary
102
Food & Drink
102
Mass Grocery Retail
102
Methodology
104
Industry Forecast Methodology
104
Sector-Specific Methodology
105
Sources
105
Risk/Reward Rating Methodology
106
Table: Food & Drink Risk/Reward Rating Indicators
107
Table: Weighting
108

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.

Key Benefits

  • 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.

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