Chile Food & Drink Report

Published 17 February 2015

  • 122 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 consumpt ion is expected to expand by 5.9 % year-on-year in 201 5 and maintain a slightly higher compound annual growth rate of 6.6% till the end of our forecast period in 201 9 . Consumption will be driven by the gradually increasing purchasing power, as income levels catch up with those in more developed markets. However, we see the country's private consumption growth remaining sluggish, which will be a burden on food and drink spending.

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 Company Trends

Table Grape Exports Forecast To Rise 16% : Table grape exports from Chile are predicted to rise 16% to 843,856 tonnes, according to Chile-based consultancy firm Decofrut. The estimate is more than 3% higher than the pre-season estimate provided by the Chilean Fruit Producers Federation (Asoex) in November. The largest rise will come from the VI Region accounting for 43% while the V Region and Metropolitan Region are estimated to see a rise of 11% and 20% respectively. Early varieties, including Thompson Seedless, Superior and Flame, have recovered from September 2013 frosts and the crop is likely to weigh in at a similar level to the 2012/2013 in total.

Naturex Opens Santiago Office : In December 2014, French ingredients company Naturex opened a subsidiary in Santiago, in response to rising demand for natural ingredients in Latin America. The new branch offers Naturex's full product portfolio and...

Table of Contents

BMI Industry View
7
SWOT
10
Food
10
Drink
12
Mass Grocery Retail
13
Industry Forecast
14
Consumer Outlook
14
Food
16
Food Consumption
16
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
18
Canned Food
18
Table: Canned Food Volume/Value Sales - Historical Data & Forecasts, 2011-2018
19
Confectionery
19
Table: Confectionery Volume/Value Sales - Historical Data & Forecasts, 2011-2018
20
Processed Food
21
Table: Frozen Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
21
Oils and Fats
22
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
22
Meat
24
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
25
Pasta
26
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
27
Bread And Snacks
28
Table: Bread & Snacks Volume Sales, Production & Trade - Historical Data & Forecast, 2011-2018
28
Dairy
30
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
30
Drink
36
Hot Drinks
36
Table: Hot Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
37
Soft Drinks
37
Table: Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
39
Table: Carbonated Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
40
Table: Fruit/Vegetable Juice Volume/Value Sales - Historical Data & Forecasts, 2011-2018
40
Table: Bottled Water Volume/Value Sales - Historical Data & Forecasts, 2011-2018
41
Alcoholic Drinks
42
Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
43
Table: Beer Value/Volume Sales - Historical Data & Forecasts, 2011-2018
44
Table: Wine Value/Volume Sales - Historical Data & Forecasts, 2011-2018
45
Table: Spirits Value/Volume Sales - Historical Data & Forecasts, 2011-2018
45
Mass Grocery Retail
46
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
46
Table: Sales Breakdown By Retail Format Type
47
Trade
48
Table: Food & Drink Trade Balance - Historical Data & Forecasts, 2011-2018
49
Macroeconomic Forecast
50
Economic Analysis
50
Table: Chile - Economic Activity
58
Industry Risk Reward Ratings
59
Latin America Risk/Reward Ratings
59
Table: Latin America Food & Drink Risk/Reward Ratings Q314
60
Table: Latin America Food & Drink Risk/Reward Sub-Factor Ratings Q314 (scores out of 10)
63
Chile Risk/Reward Ratings
64
Market Overview
65
Food
65
Food Production
65
Canned Food/Prepared Food
66
Confectionery
67
Dairy
68
Aquaculture
69
Drink
70
Soft Drinks
70
Hot Drinks
71
Alcoholic Drinks
71
Mass Grocery Retail
75
Table: Structure Of Chile's Mass Grocery Retail Market By Estimated Number Of Outlets, 2003-2011
76
Table: Structure Of Chile's Mass Grocery Retail Market - Sales By Format (USDbn), 2003-2011
76
Industry Trends And Developments
77
Food
77
Key Industry Trends And Developments
77
Drink
82
Key Industry Trends And Developments
82
Mass Grocery Retail
87
Key Industry Trends And Developments
87
Competitive Landscape
94
Table: Key Players In Chile's Food Sector
94
Table: Key Players In Chile's Drink Sector
95
Table: Key Players In Chile's Mass Grocery Retail Sector
95
Company Profile
97
Empresas Carozzi
97
Nestl- Chile
99
Soprole
101
Concha y Toro
103
Embotelladora Andina
106
Compa-ia Cervecerias Unidas
109
Distribuci-n y Servicio (Walmart)
112
Cencosud
115
Falabella
118
Global Industry Overview
120
Table: Food And Drink Core Views
129
Demographic Forecast
130
Table: Chile's Population By Age Group, 1990-2020 ('000)
131
Table: Chile's Population By Age Group, 1990-2020 (% of total)
132
Table: Chile's Key Population Ratios, 1990-2020
133
Table: Chile's Rural And Urban Population, 1990-2020
133
Glossary
134
Food & Drink
134
Mass Grocery Retail
134
Methodology
136
Industry Forecast Methodology
136
Sector-Specific Methodology
137
Sources
137
Risk/Reward Rating Methodology
138
Table: Food & Drink Risk/Reward Rating Indicators
139
Table: Weighting
140

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