Chile Food & Drink Report

Published 11 August 2015

  • 135 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Chile Food & Drink Report

BMI View: We have improved our short-term outlook for Chile's food and drink industry in line with the country's st rong economic readings and positive consumer outlook for the rest of 2015 and 2016 . We believe that strong job generation in the manufacturing sector, combined with lower fuel prices, will boost household spending over the coming quarters. We forecast the overall industry growth to remain strong across our forecast period registering a healthy 6.1% CAGR between 2014 and 2019 .

Headline Industry Forecasts (local currency)

  • Total food consumption growth year-on-year (y-o-y) in 2015: +6.6%; compound annual growth rate (CAGR) 2014-2019: +6.1%

  • Per capita food consumption growth (y-o-y) in 2015: +5.7%; CAGR 2014-2019: +5.3%

  • Total soft drinks value sales growth (y-o-y) in 2015: +6.0%; CAGR 2014-2019: +4.7%

  • Alcoholic drinks value sales growth (y-o-y) in 2015: +5.5%; CAGR 2014-2019: +4.6%

  • Total mass grocery retail value sales growth (y-o-y) in 2015: +5.8%; CAGR 2014-2019: +5.5%

Key Industry Trends

Salmon Exports Decline Amid Increased Antibiotic Use: According to reports in late July 2015, t he decision by Chile's salmon farmers to use heavy antibiotics to treat the Piscirickettsiosis bacteria has led to a decline in sales as US retailers such as Costco move to antibiotic-free Norwegian salmon. The increased antibiotic use had sparked health concerns in the US food industry, leading Costco to announce a reduction in Chilean salmon imports in April. Costco, which used to purchase 90% of its salmon fillet requirements from Chile, now plans to buy 60% of its salmon from Norway, cutting Chilean imports to 40% (Reuters).

Construction Begins On Phytosanitary Inspection Facility: In July 2015, c onstruction work has started on a new phytosanitary inspection facility worth USD2.8mn in Cabrero in Bio Bio province of south central Chile, reports America Fruit. The move will result in significant time and cost savings for fruit exporters...

BMI Industry View
7
SWOT
10
Food
10
Drink
12
Mass Grocery Retail
14
Industry Forecast
16
Consumer Outlook
16
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts (Chile 2012-2019)
18
Canned Food
18
Confectionery
19
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
20
Processed Food
22
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
22
Oils And Fats
22
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
23
Meat
23
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecast (Chile 2012-2019)
24
Pasta
25
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
25
Snack Foods
26
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
27
Dairy
27
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
28
Drink
30
Hot Drinks
30
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
31
Soft Drinks
31
Table: Soft Drinks Sales, Production & Trade (Chile 2012-2019)
33
Alcoholic Drinks
34
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Chile 2012-2019)
36
Mass Grocery Retail
38
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Chile 2012-2019)
40
Table: Sales Breakdown By Retail Format Type (%)
40
Trade
41
Table: Trade Balance - Historical Data & Forecasts (Chile 2012-2019)
43
Macroeconomic Forecast
44
Economic Analysis
44
Industry Risk Reward Index
50
Latin America - Risk/Reward Index
50
Table: Latin America Food & Drink Risk/Reward Index Q415
52
Table: Latin America Food & Drink Risk/Reward Sub-Factor Index Q415 (scores out of 10)
55
Chile Risk/Reward Index
56
Market Overview
57
Food
57
Food Production
57
Canned/Prepared Food
58
Confectionery
59
Dairy
59
Aquaculture
60
Drink
62
Soft Drinks
62
Hot Drinks
62
Alcoholic Drinks
63
Mass Grocery Retail
65
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (Chile 2006-2011)
66
Table: Mass Grocery Retail Sales By Format (Chile 2010-2019)
66
Table: Mass Grocery Retail Sales By Format (Chile 2010-2019)
67
Industry Trends And Developments
68
Food
68
Key Industry Trends And Developments
68
Drink
75
Key Industry Trends And Developments
75
Mass Grocery Retail
79
Key Industry Trends And Developments
79
Competitive Landscape
81
Table: Key Players In Chile's Food Sector
81
Table: Key Players In Chile's Drink Sector
82
Table: Key Players In Chile's Mass Grocery Retail Sector
82
Company Profile
84
Empresas Carozzi
84
Nestl- Chile
86
Soprole
88
Concha y Toro
90
Embotelladora Andina
93
Compa-ia Cervecerias Unidas
96
Distribuci-n y Servicio (Walmart)
99
Cencosud
101
Falabella
104
Global Industry Overview
106
Table: Australia, Uk And Usa Estimated Herfindahl-Hirschman Index Scores - Food Retail Industry
109
Table: Boston Beer Company, Ab Inbev, Heineken And Sabmiller - Selected Trailing Return And Efficiency Ratios
117
Table: Food and Drink Core Views - Q215 Roundup
122
Demographic Forecast
124
Table: Population Headline Indicators (Chile 1990-2025)
125
Table: Key Population Ratios (Chile 1990-2025)
125
Table: Urban/Rural Population & Life Expectancy (Chile 1990-2025)
126
Table: Population By Age Group (Chile 1990-2025)
126
Table: Population By Age Group % (Chile 1990-2025)
127
Glossary
129
Food & Drink
129
Mass Grocery Retail
129
Methodology
131
Industry Forecast Methodology
131
Sector-Specific Methodology
132
Sources
132
Risk/Reward Index Methodology
133
Table: Food & Drink Risk/Reward Index Indicators
134
Table: Weighting
135

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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