United Kingdom Food and Drink Report - Business Monitor International - Industry Reports

United Kingdom Food and Drink Report

United Kingdom Food and Drink Report - Business Monitor International - Industry Reports
United Kingdom Food and Drink Report
Published Aug 06, 2016
85 pages — Published Aug 06, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI View: Given inelastic demand for food and drink products, the sector will be among the most resilient amid the overall slowdown in the economy that we are forecasting following the UK s decision to leave the EU. We have downgraded our forecasts for food sales, and non-alcoholic and alcoholic drinks consumption; however, we still expect growth to outperform overall household spending. ...Food price inflation is likely to return to the market, providing reprieve to retailers, which have been locked in damaging price wars for the past two years. Food and Drink Spending (---------) Food, sales, GBPmn Non-alcoholic drinks, sales, GBPmn ---- ---- ---- ----f ----f ----f ----f ----f - --,--- ---,--- ---,--- f = BMI forecast. Health consciousness, product innovation and an emphasis on quality ingredients will continue to play an important role in the industry, even as spending slows. ...Food and Drink Spending (---------) Food, sales, GBPmn Non-alcoholic drinks, sales, GBPmn ---- ---- ---- ----f ----f ----f ----f ----f - --,--- ---,--- ---,--- f = BMI forecast.

...We believe the decision to leave the EU will have a negative impact on the UK restaurant sector due to higher labour costs and declining consumer spending. We believe a vote for Brexit will lead to declining sales in the major EU whisky markets of France, Germany and Spain for up to two years after the referendum. ...We believe the decision to leave the EU will have a negative impact on the UK restaurant sector due to higher labour costs and declining consumer spending. We believe a vote for Brexit will lead to declining sales in the major EU whisky markets of France, Germany and Spain for up to two years after the referendum. However, the net effects beyond this short- term dip will be minimised by strong growth in emerging markets. Competition in the UK food delivery industry continues to intensify as Uber becomes the latest online- based intermediary to enter the lucrative market. These aggregator companies, which bridge the gap between consumers and eating establishments, often via app technology, seek to profit from millennial lifestyles where emphasis is overwhelmingly placed on convenience.

...The increasing premiumisation of retailers private label product ranges, together with higher consumer acceptance of private label products, threatens to undermine brand- name products. A high degree of market consolidation has left few opportunities for new market entrants. ...

  
Source:
Document ID
1749-3056
Country
Industry
Industry
Industry
Industry
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Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United Kingdom Food and Drink Report" Aug 06, 2016. Alacra Store. Dec 09, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Food-and-Drink-Report-2026-211>
  
APA:
Business Monitor International - Industry Reports. (2016). United Kingdom Food and Drink Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 09, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Food-and-Drink-Report-2026-211>
  
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