Business Monitor International


United States Food & Drink Report

Published 01 April 2014

  • 124 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
United States Food & Drink Report

The US economy picked up steam in the second half of last year, in line with our view that the economic recovery would find firm footing in 2013 and accelerate into 2014. The broad trends supporting stronger real personal consumption expenditure (PCE) growth remain in place, and as such we expect real PCE growth to continue to accelerate in 2014. Consumer deleveraging is also continuing, meaning that a future upswing in credit will also accelerate private consumption. All these will benefit food & drink consumption growth, but we are not yet convinced that the industry will see growth recovering to levels seen before the crisis. This will favour growth in lower value segments of the food and drink sector (canned and beer) as well as convenience and discount stores over normal retail stores in 2014.

Headline Industry Forecasts (local currency)

  • 2014 per capita food consumption = +2.0%; five-year compound annual growth rate (CAGR) to 2018 = +2.6%.

  • 2014 alcoholic drinks value sales = +3.6%; CAGR to 2018 = +3.4%.

  • 2014 soft drink value sales = +3.1%; CAGR to 2018 = +2.9%.

  • 2014 mass grocery retail sales = +2.9%; CAGR to 2018 = +2.8 %.

Key Industry Trends And Developments

Pig Virus Concerns To Be Felt Over Coming Months: We highlighted in a previous article that the spread of porcine epidemic diarrhoea virus (PEDv) in the US was likely to lead to downside pork production risks. However, at the time, we expected the effect on the total pig crop to be mild. Indeed, as late as mid-October 2013 there was relatively little change in the number of PEDv cases. However, the outbreak has accelerated in recent months, and there are now more than 250 new cases reported per week. Many of the new cases are being reported in Iowa, the country's largest pork-producing state. The USDA says the actual number of PEDv cases might be higher than the official estimate as reporting requirements are reduced due to mandatory bio-safety regulations for USDA staff members (which...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts, 2013-2018
18
Confectionery
18
Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2013-2018
19
Canned Food
20
Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2013-2018
20
Dairy
20
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
21
Drink
22
Alcoholic Drinks
22
Table: Alcoholic Drinks Value/Volume Sales, 2013-2018
25
Soft Drinks
26
Table: Soft Drinks Value/Volume Sales, 2013-2018
27
Hot Drinks
28
Table: Hot Drinks Value/Volume Sales, 2013-2018
28
Mass Grocery Retail
29
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2013-2018
30
Table: Sales Breakdown By Retail Format Type
30
Trade
31
Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2013-2018
32
Macroeconomic Forecast
33
Economic Analysis
33
Table: United States - Economic Activity
41
Market Overview
42
Food
42
Food Consumption
42
Confectionery
42
Canned Food
43
Agriculture
44
Drink
44
Alcoholic Drinks
44
Soft Drinks
46
Hot Drinks
47
Mass Grocery Retail
47
Table: MGR Market Structure - Number Of Outlets
49
Industry Trends And Developments
50
Food
50
Key Industry Trends And Developments
50
Drink
61
Key Industry Trends And Developments
61
Mass Grocery Retail
65
Key Industry Trends And Developments
65
Competitive Landscape
70
Table: Key Players - Food
70
Table: Key Players - Drink
70
Table: Key Players - Mass Grocery Retail
71
Company Profile
72
Kraft
72
Kellogg Company
76
General Mills
79
Tyson Foods
81
The Hershey Company
84
The Coca-Cola Company
87
PepsiCo
90
Anheuser-Busch InBev
94
MillerCoors
96
Walmart Stores
98
Global Industry Overview
101
Table: Food And Drink Core Views
110
Demographic Forecast
111
Table: The United States' Population By Age Group, 1990-2020 ('000)
112
Table: The United States' Population By Age Group, 1990-2020 (% of total)
113
Table: The United States' Key Population Ratios, 1990-2020
114
Table: The United States' Rural And Urban Population, 1990-2020
114
Glossary
115
Food & Drink
115
Mass Grocery Retail
115
Methodology
117
Industry Forecast Methodology
117
Sector-Specific Methodology
118
Sources
118
Risk/Reward Rating Methodology
119
Table: Food & Drink Risk/Reward Rating Indicators
120
Table: Weighting
121

The United States 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 United States 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 United States.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for United States to test other views - a key input for successful budgeting and strategic business planning in the American food and drink market.
  • Target business opportunities and risks in United States 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.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

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