Croatia Food & Drink Report

Published 04 August 2015

  • 141 pages
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  • Includes 3 free updated quarterly reports
$1,295.00
Croatia Food & Drink Report

BMI View: Croatia will remain among the worst performing economies in the EU in 2015 and 2016. Competitiveness issues are at the root of Croatia's problems, due to high labour cos ts, an inflexible labour market and a cumbersome bureaucracy. We remain sceptical that any recovery in private consumption will be robust. Unemployment (around 18%) remain s high, wage growth is sluggish and households have made limited progress on deleveraging. These factors will weigh on food consumption growth, with both nominal and per capita spending remaining subdued.

Headline Industry Data (local currency)

  • Total food consumption growth in 2015: +0.2%; compound annual growth rate (CAGR) 2014 to 2019: +1.2%.

  • Per capita food consumption growth in 2015: +0.6%; CAGR 2014 to 2019 +1.5%.

  • Alcoholic drinks sales growth in 2015: -0.2% y-o-y; CAGR 2014 to 2019: +2.2%.

  • Soft drinks sales growth in 2015: +2.3% y-o-y; CAGR 2014 to 2019: +2.9%.

  • Mass grocery retail sales growth in 2015: +3.7% y-o-y; CAGR 2014 to 2019: +3.7%.

Key Industry Trends

Ledo Signs Agreement with US Kroger : In summer 2015, Agrokor-owned ice cream company Ledo announced a plan to supply ice cream to US retailer Kroger. Entering the US market and Kroger's retail network represents Ledo's largest and potentially most important export breakthrough. Ice cream supplied by Ledo will be sold under the Private Selection premium private label brand. The move is part of the business strategy pursued by Ledo and Agrokor aimed at stepping up exports and boosting the presence of Agrokor's products on the global market, according to a company statement.

Podravka Looks to M&A for International Growth : In April 2015, Podravka reached an agreement to purchase a 51.55% stake in Slovenian food company Zito for EUR33mn. Zito's brands include bread, Zlato Polje pasta and Gorenjka chocolate. Last year, the company generated sales of EUR113.7mn. Meanwhile, in early 2015, Podravka opened an office in Dubai to manage...

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts (Croatia 2012-2019)
18
Canned Food
18
Confectionery
19
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2012-2019)
20
Pasta
20
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2014-2019)
21
Meat
21
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecast (Croatia 2014-2019)
21
Snack Foods
22
Table: Jams & Jellies Volume Sales, Production & Trade - Historical Data & Forecast (Croatia 2014-2019)
22
Table: Sweet Biscuits Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2014-2019)
23
Dairy
23
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2014-2019)
24
Oils & Fats
25
Table: Oils and Fats Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2014-2019)
25
Drink
27
Alcoholic Drinks
27
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2014-2019)
28
Soft Drinks
29
Table: Soft Drinks Sales, Production & Trade (Croatia 2014-2019)
30
Hot Drinks
31
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Croatia 2014-2019)
33
Mass Grocery Retail
34
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Croatia 2014-2019)
35
Table: Sales Breakdown By Retail Format Type (% of total)
35
Trade
36
Table: Trade Balance - Historical Data & Forecasts (Croatia 2014-2019)
37
Macroeconomic Forecast
38
Economic Analysis
38
Table: Economic Activity (Croatia 2010-2019)
43
Industry Risk Reward Index
44
Central And Eastern Europe - Risk/Reward Index
44
Table: Central & Eastern Europe Food & Drink Risk/Reward Index Q415
46
Croatia Food & Drink Risk/Reward Index
49
Market Overview
50
Food
50
Food Production
50
Confectionery
52
Canned Food
53
Trade
53
Agriculture
54
Olive Farming
55
Drink
56
Alcoholic Drinks
56
Soft Drinks
58
Hot Drinks
58
Mass Grocery Retail
60
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (Croatia 2006-2010)
61
Table: Mass Grocery Retail Sales By Format (Croatia 2006-2015)
62
Table: Mass Grocery Retail Sales By Format (Croatia 2006-2015)
62
Industry Trends And Developments
64
Food
64
Drink
68
Mass Grocery Retail
70
Competitive Landscape
73
Table: Key Players In Croatia's Food Sector
73
Table: Key Players In Croatia's Drink Sector
74
Table: Key Players In Croatia's Mass Grocery Retail Sector
75
Company Profile
77
Atlantic Grupa
77
Franck
80
Podravka
82
Agrokor
86
Dukat
89
Kras
91
Adriatic Distillers
93
Carlsberg Croatia
95
Badel 1862
97
Spar Croatia
100
Lidl
102
Konzum
104
Mercator
107
Rewe (Billa)
110
Global Industry Overview
112
Table: Australia, Uk And Usa Estimated Herfindahl-Hirschman Index Scores - Food Retail Industry
115
Table: Boston Beer Company, Ab Inbev, Heineken And Sabmiller - Selected Trailing Return And Efficiency Ratios
123
Table: Food and Drink Core Views - Q215 Roundup
128
Demographic Forecast
130
Table: Population Headline Indicators (Croatia 1990-2025)
131
Table: Key Population Ratios (Croatia 1990-2025)
131
Table: Urban/Rural Population & Life Expectancy (Croatia 1990-2025)
132
Table: Population By Age Group (Croatia 1990-2025)
132
Table: Population By Age Group % (Croatia 1990-2025)
133
Glossary
135
Food & Drink
135
Mass Grocery Retail
135
Methodology
137
Industry Forecast Methodology
137
Sector-Specific Methodology
138
Sources
138
Risk/Reward Index Methodology
139
Table: Food & Drink Risk/Reward Index Indicators
140
Table: Weighting
141

The Croatia 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 Croatia 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 Croatia.

Key Benefits

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