France Food & Drink Report

Published 23 December 2014

  • 148 pages
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$1,295.00
France Food & Drink Report

BMI View: The French economy continues to stagnate with no signs of a recovery on the horizon. We now forecast real GDP growth to arrive at just 0.3% in 2014 and 0.7% in 2015. French households are under pressure from rising unemployment and an increasin gly bleak macroeconomic outlook and are paring back consumption as a result. Still, the importance of the food industry for the economy and the fact that France is one of the few European countries with a growing, young population will leave food consumption growth relatively steady over the coming years.

Headline Industry Data (local currency)

  • 2014 per capita food consumption year-on-year (y-o-y) = +0.8%; forecast compound annual growth rate (CAGR) 2013 to 2018 = +0.8%.

  • 2014 alcoholic drink value sales y-o-y = +0.4%; forecast CAGR 2013 to 2018 = +0.5%.

  • 2014 soft drink value sales y-o-y = +2.6%; forecast CAGR 2013 to 2018 = +2.6%.

  • 2014 mass grocery retail sales y-o-y = +2.5%; forecast CAGR 2013 to 2018 = +2.5%.

Headline Industry Trends

Lactalis Offers Highest Price for Arab Dairy : It was reported in November 2014 that French dairy company Lactalis International had made a new offer to purchase Egypt-based Arab Dairy which it valued at EGP66 (USD9.23) a share. The bid is higher than offers made by other potential buyers including Egyptian Pioneers Holding, Saudi Arabia-based Arrow Food Distribution and Denmark's A rla Foods, reports Ahram Online.

Beverage Leaders Agree to Reduce Sugar Content : US-based beverage companies PepsiCo and The Coca-Cola Company have agreed to reduce the amount of sugar in their beverages in France by 2015. The local units of Coca-Cola, Pepsi, Orangina Schweppes and juice bottler Refresco Gerber have entered an agreement to lower sugar in non-alcoholic beverages, according to France's agriculture ministry. 'The industry's commitment reflects its willingness to improve the range of food offered to French consumers, in the knowledge that soft drinks...

Table of Contents

BMI Industry View
7
SWOT
8
Food
8
Drink
10
Mass Grocery Retail
12
Industry Forecast
14
Consumer Outlook
14
Food
17
Food Consumption
17
Table: Food Consumption Indicators - Historical Data & Forecasts (France 2011-2018)
18
Prepared Food/Canned Food
18
Confectionery
19
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (France 2011-2018)
20
Drink
21
Hot Drinks
21
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (France 2013-2018)
22
Soft Drinks
23
Table: Soft Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (France 2013-2018)
24
Alcoholic Drinks
25
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (France 2013-2018)
27
Mass Grocery Retail
28
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (France 2013-2018)
29
Table: Grocery Retail Sales By Format
29
Trade
30
Table: Trade Balance - Historical Data & Forecasts (France 2013-2018)
30
Macroeconomic Forecast
31
Macroeconomic Forecasts
31
Macro Outlook
31
Real GDP By Expenditure
32
Risks To Outlook
36
Table: GDP By Expenditure (France 2011-2018)
37
Industry Risk/Reward Ratings
38
Western Europe - Risk/Reward Ratings
38
Table: Western Europe Food & Drink Risk/Reward Ratings Q414
39
Table: Western Europe Food & Drink Risk/Reward Sub-Factor Ratings Q414 (scores out of 10)
43
France Risk/Reward Ratings
44
Market Overview
45
Food
45
Food Processing
45
Prepared Food/Canned Food
45
Table: Frozen Fruits Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
46
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
47
Meat
47
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
47
Fish
48
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
48
Oils And Fats
50
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
50
Dairy
53
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
53
Confectionery
61
Snack Foods
61
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts, 2013-2018
61
Trade
63
Organic Farming
64
Drink
65
Soft Drinks
65
Alcoholic Drinks
66
Mass Grocery Retail
67
Table: Structure Of Mass Grocery Retail Market By Estimated Number of Outlets (France 2005-2014)
70
Table: Mass Grocery Retail Sales By Format (USDbn) (France 2005-2014)
70
Table: Mass Grocery Retail Sales By Format (loccurbn) (France 2005-2014)
70
Industry Trends And Developments
71
Food
71
Drink
74
Mass Grocery Retail
78
Competitive Landscape
82
Table: Key Players In France's Food Sector
82
Table: Key Players In France's Drink Sector
83
Table: Key Players In France's Mass Grocery Retail Sector
83
Company Profile
86
Danone
86
Table: Danone Selected Financial Indicators And Ratios By Operating Segment, Ranked By FY11 Operating Margin (%)
92
Table: Danone Key Year End Financials
92
Nestl-
93
Table: Nestl- Financial Results
100
Pernod Ricard
101
Table: Pernod Ricard's Financial Highlights
108
Carrefour
109
Table: Carrefour's Main Financial Highlights
115
LVMH Group (Mo-t Hennessy Louis Vuitton)
116
Groupe Auchan
118
Groupe Casino
121
Carrefour
124
Table: Carrefour's Main Financial Highlights
129
Global Industry Overview
130
Table: Select Food Companies - R&D And Advertising Financials
136
Table: Food And Drink Core Views
138
Demographic Forecast
139
Demographic Outlook
139
Table: France's Population By Age Group, 1990-2020 ('000)
140
Table: France's Population By Age Group, 1990-2020 (% of total)
141
Table: France's Key Population Ratios, 1990-2020
142
Table: France's Rural And Urban Population, 1990-2020
142
Glossary
143
Food & Drink
143
Mass Grocery Retail
143
Methodology
145
Industry Forecast Methodology
145
Sector-Specific Methodology
146
Sources
146
Risk/Reward Rating Methodology
147
Table: Food & Drink Risk/Reward Rating Indicators
148
Table: Weighting
149

The France 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 France 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 France.

Key Benefits

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