DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/815ac3/china_food_and_dri) has announced the addition of the "China Food and Drink Report Q1 2012" report to their offering.
In the event of a pronounced correction in investment spending, a slump in exports and banking sector instability, BMI find it highly unlikely that the Chinese consumer would be able to shoulder the burden of growth. While BMI are bullish on the long-term prospects for the consumer sector, China's domestic demand rebalancing is likely to be a long, drawn-out process. Nonetheless, the tremendous potential of the Chinese consumer market means that foreign direct investment in the Chinese consumer-facing sectors is likely to be more forthcoming over the coming years as investors look to establish a foothold.
Big consumer investor giants such as Pernod Ricard, Walmart and The Coca-Cola Company are all keen on expanding their presence in China, imbuing greater dynamism into the country's consumerfacing sectors.
Headline Industry Data
- 2011 food consumption = +13.2%; compound annual growth rate (CAGR) forecast to 2016 = +13.7%
- 2011 alcoholic drinks value sales = +8.6%; CAGR forecast to 2016 = +7.4%
- 2011 soft drinks value sales = +8.1%; CAGR forecast to 2016 = +11.8%
- 2011 mass grocery retail sales = +11.3%; CAGR forecast to 2016 = +8.2%
The sheer size of the Chinese market and a rapid middle class expansion mean that the country will continue to make up a sizeable proportion of the overall foreign sales for global cognac producers such as Remy Cointreau and Hennessy. Around 25% of Hennessy's overall volumes are generated from China, and it is currently locked in a tight race with Martell for the market leadership spot in the country's cognac market.
Companies Mentioned:
- Hsu Fu Chi
- Tingyi (Cayman Islands) Holding
- China Foods Ltd (Formerly China National Cereals Oils And Foodstuffs)
- Nestl China
- China Mengniu Dairy Company
- Tsingtao
- Wahaha
- Kweichow Moutai Co
- Carrefour
- Sun Art Retail Group
For more information visit http://www.researchandmarkets.com/research/815ac3/china_food_and_dri