Chile Food & Drink Report

Published 21 May 2015

  • 119 pages
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$1,295.00
Chile Food & Drink Report

BMI View: We maintain a positive outlook for Chile's food and drink industry as its food consumption is expected to expand by a compound annual growth rate of 6.6% between 2014 and 2019. More generally, Chile's food and drink sector will look increasingly attractive compared with other Latin American markets, as lower global oil prices provide tailwinds to Chilean consumers. The uptick in private consumption is expected to boost demand for premium and innovative products. We forecast private consumption growth to be 2.7% in 2015, up from 2.2% in 2014, before averaging 4.1% in the remainder of our forecast period to 2019.

Headline Industry Forecasts (local currency)

  • Total food consumption growth year-on-year (y-o-y) in 2015: +5.9%; compound annual growth rate (CAGR) 2014-2019: +6.6%

  • Per capita food consumption growth (y-o-y) in 2015: +5.0%; CAGR 2014-2019: +5.7%

  • Total soft drinks value sales growth (y-o-y) in 2015: +5.8%; CAGR 2014-2019: +4.9%

  • Alcoholic drinks value sales growth (y-o-y) in 2015: +5.5%; CAGR 2014-2019: +4.8%

  • Total mass grocery retail value sales growth (y-o-y) in 2015: +5.2%; CAGR 2014-2019: +5.9%

Key Industry Trends

Chile Targets UK For Further Prune Export Growth : Shipments of Chilean prunes into the UK rose 11% in 2014 to 3,340 tonnes. Announcing the figures, Chile Prunes Association Vice President Andres Rodriguez said the industry will continue to consolidate its position in the UK as it is an important market for the sector. He said the association would be pushing the 'Prunes from Chile' brand to maximise the potential for exports to the UK.

Chile Seeks Trade Deal With Eurasian Union : According to reports in April 2015, the Chilean government is working towards enhancing bilateral trade with the Eurasian Economic Union (EEU). As part of the agreement, both parties have agreed to work towards the formation of a joint committee on trade and investment, with a target to establish a Free Trade Agreement in the medium...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
16
Food Consumption
16
Table: Food Consumption Indicators - Historical Data & Forecasts (Chile 2012-2019)
17
Canned Food
17
Confectionery
18
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
19
Processed Food
20
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
20
Oils And Fats
21
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
21
Meat
22
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecast (Chile 2012-2019)
23
Pasta
23
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
24
Snack Foods
24
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
25
Dairy
26
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
27
Drink
29
Hot Drinks
29
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
29
Soft Drinks
30
Table: Soft Drinks Sales, Production & Trade (Chile 2012-2019)
31
Alcoholic Drinks
32
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
33
Mass Grocery Retail
35
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Chile 2012-2019)
36
Table: Sales Breakdown By Retail Format Type (%)
36
Trade
37
Table: Trade Balance - Historical Data & Forecasts (Chile 2012-2019)
38
Macroeconomic Forecast
39
Economic Analysis
39
Table: GDP By Expenditure (Chile 2012-2019)
43
Industry Risk Reward Index
45
Latin America Risk/Reward Index
45
Table: Latin America Food & Drink Risk/Reward Index Q315
47
Table: Latin America Food & Drink Risk/Reward Sub-Factor Index Q215 (scores out of 10)
50
Chile Risk/Reward Index
51
Market Overview
52
Food
52
Food Production
52
Canned/Prepared Food
53
Confectionery
54
Dairy
55
Aquaculture
55
Drink
57
Soft Drinks
57
Hot Drinks
57
Alcoholic Drinks
58
Mass Grocery Retail
60
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (Chile 2006-2011)
61
Table: Mass Grocery Retail Sales By Format (Chile 2010-2019)
61
Table: Mass Grocery Retail Sales By Format (Chile 2010-2019)
62
Industry Trends And Developments
63
Food
63
Key Industry Trends And Developments
63
Drink
68
Key Industry Trends And Developments
68
Mass Grocery Retail
72
Key Industry Trends And Developments
72
Competitive Landscape
74
Table: Key Players In Chile's Food Sector
74
Table: Key Players In Chile's Drink Sector
75
Table: Key Players In Chile's Mass Grocery Retail Sector
75
Company Profile
77
Empresas Carozzi
77
Nestl- Chile
79
Soprole
81
Concha y Toro
83
Embotelladora Andina
86
Compa-ia Cervecerias Unidas
89
Distribuci-n y Servicio (Walmart)
92
Cencosud
94
Falabella
97
Global Industry Overview
99
Table: Food and Drink Core Views - Q115 Roundup
106
Demographic Forecast
108
Table: Population Headline Indicators (Chile 1990-2025)
109
Table: Key Population Ratios (Chile 1990-2025)
109
Table: Urban/Rural Population & Life Expectancy (Chile 1990-2025)
110
Table: Population By Age Group (Chile 1990-2025)
110
Table: Population By Age Group % (Chile 1990-2025)
111
Glossary
113
Food & Drink
113
Mass Grocery Retail
113
Methodology
115
Industry Forecast Methodology
115
Sector-Specific Methodology
116
Sources
116
Risk/Reward Index Methodology
117
Table: Food & Drink Risk/Reward Index Indicators
118
Table: Weighting
119

The Chile 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 Chile 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 Chile.

Key Benefits

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

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc