New Report Available: Venezuela Food & Drink Report Q3 2016.
Venezuela's food, drink and mass grocery retail sectors will contract in real terms over 2016. Our outlook is underpinned by the country's weak economy which we forecast to contract by 6.2% in 2016 - together with high inflation and a weak consumer profile. Lack of currency in the economy will continue to hinder production and import s, exacerbating food shortages. We expect basic food staples, particularly carbohydrates, to perform well as consumers increasingly favour filling and economical foods.
Latest Updates & Industry Developments
Food sales (local currency) growth y-o-y in 2016: +87.1%; compound annual growth rate (CAGR) 2015-2020: +48.7%.
Non-alcoholic drinks sales (local currency) growth y-o-y in 2016: +87.2%; CAGR 2015-2020: +48.7%.
Full Report Details at
Alcoholic drinks sales (local currency) growth y-o-y in 2016: +38.9%; compound annual growth rate (CAGR) 2015-2020: +28%.
The closure of Empresas Polar's beer operations will deepen a beer shortage in the country, crippling the alcohol sector.
The operating environment for mass grocery retailers will become increasingly difficult to navigate as the government redirects retail stock to its state-run mass grocery retailer Mercal.
The Venezuela Food & Drink Report features BMI Research's market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.
BMI'sVenezuela Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Venezuela.
Benchmark BMI's independent food and drink industry forecasts for Venezuela to test other views - a key input for successful budgeting and strategic business planning in the Venezuelan food and drink market.
Target business opportunities and risks in Venezuela through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
BMI Industry View
Summary of BMIs key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.
Industry SWOT Analysis
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|Date:||Jul 7, 2016|
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