DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/96cc5a/united_kingdom_foo) has announced the addition of the "United Kingdom Food and Drink Report Q4 2011" report to their offering.
Business Monitor International's United Kingdom Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on United Kingdom's food and drink industry.
Many UK households are struggling under the pressures of high food and fuel prices, a stagnant economy and the prospects of additional public spending cuts. This is particularly evident in the nonessential retail space, where companies such as Argos have reported lacklustre results of late. More recently, the UK's leading (and the world's third biggest) food retailer Tesco posted a second consecutive UK quarterly sales decline.
The decline in underlying first-quarter sales to May 2011 was largely a result of non-food sales falling by 5%, adding weight to the argument that struggling consumers are focusing on necessities. With a dramatic improvement in UK consumer sentiment over the rest of 2011 and into 2012 unlikely, UK retailers and producers will have to continue focusing on value to attract consumers.
Headline Industry Data (local currency)
- 2011 per capita food consumption = +0.5%; forecast to 2015 = +8.8%
- 2011 alcoholic drink sales = +1.0%; forecast to 2015 = +13.9%
- 2011 soft drink sales = +1.9% ; forecast to 2015 = +30.4%
- 2011 mass grocery retail sales = +3.4%; forecast to 2015 = +23.6%
Companies Mentioned:
- Dairy Crest Group
- Cadbury (Kraft)
- Premier Foods
- Drink
- Diageo
- Mass Grocery Retail
- Tesco
- J Sainsbury
- Asda
For more information visit http://www.researchandmarkets.com/research/96cc5a/united_kingdom_foo
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