Mineral water is set to outperform in the non-alcoholic drinks sector, forecast to be the only category to record positive growth in ----. Total sales are expected to rise -- over our forecast period. ...Carbonates will remain by far the largest category, accounting for over -- of non-alcoholic drink sales. Despite a forecast drop of -.-pp in ----, we fully expect consumption of carbonated drinks to achieve double-digit growth levels from ---- onwards, owing largely to the region s youthful demographics and favourable consumer outlook. While the implementation of sugar taxes poses a downside risk, we do not believe this will have severe implications in terms of carbonate sales given the vast scope for growth in an underdeveloped soft drinks market. ...Non-alcoholic drinks, sales, USDmn, growth y-o-y ---.- --.- --.- --.- --.- --.-
...Food, sales, USDmn Food, sales, USDmn, growth y-o-y ---- ----f ----f ----f ----f ----f - ---,--- ---,--- ---,--- --- --- --- - -- -- e/f= BMI estimate/forecast. Source: BMI After a sharp --.- fall in ----, we expect to see the start of a strong recovery in Latin American food sales. ...Source: BMI After a sharp --.- fall in ----, we expect to see the start of a strong recovery in Latin American food sales. ---- will be another challenging year across all segments as inflationary pressures, combined with a recession in Brazil, the region s largest economy, will have a negative impact on consumer spending. However, we expect a much smaller decline with total food sales retracting -.- this year, with a predicted return to growth in ----. ...Both categories will continue to grow strongly up until ----, with meat in particular rising -- to USD---bn. While consumers in developed markets are increasingly shifting away from red meats in favour of healthier pescatarian alternatives, this trend is yet to take off in
...Our forecasts for sugary products also reflect the relatively slow adoption of healthy lifestyles in Latin America as we expect it to outperform growth in both fruit and vegetables. Annual sales of sugary products will increase -.- on average, compared to only -.- in vegetables over the same five-year period. ...Annual sales of sugary products will increase -.- on average, compared to only -.- in vegetables over the same five-year period. This is largely a result of volatile prices as extreme weather conditions affect crop yields, whereas confectionary products are becoming increasingly available as companies expand their products into underpenetrated markets. Pasta is one of the best performing food segments, in line with trends across the developing world where demand for convenience is rising as more women enter the workforce. ...
