DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7xwkds/china_food_and) has announced the addition of the "China Food and Drink Report Q1 2013" report to their offering.
While we are bullish on the long-term prospects for the Chinese consumer sector, the country's domestic demand rebalancing is likely to be a long, drawn-out process. An acceleration of household spending driven by sizeable personal savings and rising wages would compensate for a reduction in capital outlay,helping to keep the economy motoring along at its current pace of expansion. Indeed, the vast size of China's consumer base, the undeveloped nature of organised retail, relatively low penetration of services, and strong scope for premiumisation are all structural positives and underpin our view that private consumption will slowly rise as a share of nominal GDP over the next decade. However, we would take issue with the notion that this process can occur without a material slowdown in headline economic expansion.
Headline Industry Data
- 2013 food consumption = +13.3%; compound annual growth rate (CAGR) forecast to 2017 =
+13.3%.
- 2013 alcoholic drinks value sales = +12.7%; CAGR forecast to 2017 = +10.8%.
- 2013 soft drinks value sales = +13.2%; CAGR forecast to 2017 = +10.7%.
- 2013 mass grocery retail sales = +9.3%; CAGR forecast to 2017 = +9.2%.
Companies Mentioned
Food
Hsu Fu Chi
Tingyi (Cayman Islands) Holding
China Foods Ltd (Formerly China National Cereals Oils And Foodstuffs)
Nestlé China
China Mengniu Dairy Company
Drink
Tsingtao
Wahaha
Kweichow Moutai Co
Mass Grocery Retail
Carrefour
Sun Art
For more information visit http://www.researchandmarkets.com/research/7xwkds/china_food_and