Argentina Food & Drink Report

Published 17 November 2014

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Argentina Food & Drink Report

Argentina's struggling economy, plagued by high inflation and ongoing currency devaluation, will continue to have a negative impact on the country's food and drink sector. After considerable sales decline (in USD terms) in 2014, the industry is expected to enter the path of slow recovery throughout the rest of our forecast period to 2018. Nonetheless, the improvement will be negligible in 2015 with the risks lying firmly to the downside.

Headline Industry Data

  • Total food consumption (local currency) growth year-on-year (y-o-y) in 2014: +15.0%; compound annual growth rate (CAGR) to 2018: +9.5%

  • Total food consumption (USD) growth (y-o-y) in 2014: -7.2%; CAGR to 2018: +0.9%

  • Per capita food consumption (local currency) growth (y-o-y) in 2014: +14.1%; CAGR to 2018: +8.6%

  • Per capita food consumption (USD) growth (y-o-y) in 2014: -8.0%; CAGR to 2018: +0.0%

  • Alcoholic drinks sales (local currency) growth (y-o-y) in 2014: +17.2%; CAGR to 2018: +9.3%

  • Alcoholic drinks sales (USD) growth (y-o-y) in 2014: -5.4%; CAGR to 2018: +0.7%

  • Alcoholic drinks volume sales (litres) growth (y-o-y) in 2014: +2.4%; CAGR to 2018: +1.4%

  • Soft drinks sales (local currency) growth (y-o-y) in 2014: +18.9%; CAGR to 2018: +12.4%

  • Soft drinks sales (USD) growth (y-o-y) in 2014: -4.1%; CAGR to 2018: +3.6%

  • Mass grocery retail sales (local currency) growth year-on-year (y-o-y) in 2014: +16.9% CAGR to 2018: +11.8%

  • Mass grocery retail sales (USD) growth (y-o-y) in 2014: -5.7%; CAGR to 2018: +3.1%

Key Industry Trends & Developments

Finlays Buys Casa Fuentes : In September 2014, Finlays bought Argentina's largest tea estate company Casa Fuentes to ensure the supply of black tea, which is highly sought after by ready-to-drink tea brands in the US. Casa Fuentes, with an annual production capacity of 27mn kilograms of black teas a year, operates 2,000 hectares of plantations and five factories equipped with tea processing, grading, blending, packaging, storage and export...

BMI Industry View
7
SWOT
10
Food
10
Drink
12
Mass Grocery Retail
14
Industry Forecast
16
Consumer Outlook
16
Food
18
Food Consumption
18
Table: Food Consumption Indicators - Historical Data & Forecasts (Argentina 2011-2018)
18
Canned Food
19
Table: Canned Food Value Sales - Historical Data & Forecasts (Argentina 2011-2018)
19
Confectionery
20
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Argentina 2011-2018)
21
Oils & Fats
21
Table: Oils And Fats Volume Sales, Production & Trade - Historical Data & Forecasts (Argentina 2011-2018)
21
Fish
24
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts (Argentina 2013-2018)
24
Dairy
24
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Argentina 2013-2018)
25
Drink
27
Hot Drinks
27
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Argentina 2013-2018)
28
Alcoholic Drinks
29
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Argentina 2011-2018)
30
Soft Drinks
32
Table: Soft Drinks Sales, Production & Trade (Argentina 2013-2018)
33
Mass Grocery Retail
34
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Argentina 2011-2018)
35
Table: Sales Breakdown by Retail Format Type
35
Trade
36
Table: Trade Balance - Historical Data & Forecasts (Argentina 2011-2018)
37
Macroeconomic Forecasts
38
Macroeconomic Forecast
38
Table: Economic Activity (Argentina 2009-2018)
43
Industry Risk Reward Index
44
Latin America Risk/Reward Index
44
Table: Latin America Food & Drink Risk/Reward Index Q115
46
Table: Latin America Food & Drink Risk/Reward Sub-Factor Index Q115 (scores out of 10)
48
Argentina Risk Reward Index
49
Market Overview
51
Food
51
Food Production
51
Processed Food
51
Meat & Dairy
52
Fish & Seafood
54
Drink
55
Soft Drinks
55
Alcoholic Drinks
56
Mass Grocery Retail
57
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (Argentina 2005-2009)
59
Table: Mass Grocery Retail Sales By Format (Argentina 2005-2014)
59
Table: Mass Grocery Retail Sales By Format (Argentina 2005-2014)
60
Table: Table: Average Annual Sales Value by Format - 2012
60
Industry Trends And Developments
61
Food
61
Key Industry Trends And Developments
61
Drink
64
Key Industry Trends And Developments
64
Mass Grocery Retail
67
Key Industry Trends And Developments
67
Competitive Landscape
69
Table: Key Players In Argentina's Food & Drink Sector
69
Table: Key Players In Argentina's Mass Grocery Retail Sector
70
Company Profile
72
Nestl-
72
Arcor Group
74
Quickfood SA (Marfrig Group)
76
Molinos R-o de la Plata
78
Molfino Hermanos (Saputo Group)
80
Quilmes Industrial
82
Carrefour
84
Cencosud
86
Global Industry Overview
88
Table: Dollar General And Family Dollar Historic Quarterly Same-Store Sales Growth (% Change Y-O-Y)
92
Table: Selected US And Global Spirits Companies - Historical Financial Indicators
95
Table: Select US Beverage Companies - Historic Eva Spread
97
Table: Food and Drink Team's Core Views
98
Demographic Forecast
100
Table: Argentina's Population By Age Group, 1990-2020 ('000)
101
Table: Argentina's Population By Age Group, 1990-2020 (% of total)
102
Table: Argentina's Key Population Ratios, 1990-2020
103
Table: Argentina's Urban And Rural Population, 1990-2020
103
Glossary
104
Food & Drink
104
Mass Grocery Retail
104
Methodology
106
Industry Forecast Methodology
106
Sector-Specific Methodology
107
Sources
107
Risk/Reward Index Methodology
108
Table: Food & Drink Risk/Reward Index Indicators
109
Table: Weighting
110

The Argentina 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's Argentina 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 Argentina.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Argentina to test other views - a key input for successful budgeting and strategic business planning in the Argentinian food and drink market.
  • Target business opportunities and risks in Argentina 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.

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Index provides investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic points. These provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as meat, fish, confectionary, dairy and canned foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:

  • Industry Forecast Scenario: Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
  • Industry Developments: A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.
  • Market Overview: An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI’s food chapter, the drink section provides insight into each market’s drink industry, centred on a forecast to end-2019 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI’s food and drink chapters, the mass grocery retail section provides insight into each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & Drink reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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