Ireland Food & Drink Report

Published 09 April 2015

  • 115 pages
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$1,295.00
Ireland Food & Drink Report

BMI View: We have long been bullish on the Irish growth story. This view played out in 2014, with recent data from the Central Statistics Office showing real GDP growth came in at 5.0% for the year. This confirmed our view that Ireland would be the fastest growing eurozone economy in 2014. This trend is set to continue in 2015, with the country's recovery built on solid foundations. Domestic demand will undoubtedly play an increasingly significant role driving growth over the coming quarters with Irish households spending again in 2015, and private consumption set to play a bigger role driving growth. As growth starts to filter down, we expect robust food consumption growth in 2015 and over our forecast period to 2019.

Headline Industry Data (local currency)

  • Total food consumption growth year-on-year (y-o-y) in 2015: +2.9%; compound annual growth rate (CAGR) to 2019: +3.5%

  • Per capita food consumption growth y-o-y in 2015: +1.8%; CAGR to 2019: +2.5%

  • Soft drinks value sales growth y-o-y in 2015: +4.2%; CAGR to 2019: +4.8%

  • Alcoholic drinks value sales growth y-o-y in 2014: +1.7%; CAGR to 2019: +2.4%

  • Total mass grocery retail (MGR) sales growth y-o-y in 2014: +3.2%; CAGR to 2019: +5.3%

Key Industry Trends & Developments

More Than 200 Jobs May Go at Mondelez : In March 2015, Mondelez Ireland announced plans to slash more than 200 jobs, including 160 at the firm's Cadbury chocolate manufacturing plants. The company will close its gum-base production unit in Tallaght in early 2016, resulting in the loss of 45 permanent and 17 contracted roles. Mondelez said the decision to shut the plant followed an in-depth review into several factors, including the cost of production that is about twice as expensive as other similar plants. Mondelez announced separate proposals for its other Irish plants at Coolock in Dublin and Rathmore in Kerry, which include cutting up to 160 roles across both sites. Meanwhile, the company intends to make an EUR11.7mn...

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 (Ireland 2011-2018)
16
Confectionery
17
Table: Confectionery Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
17
Meat
19
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecast (Ireland 2011-2018)
19
Fish
20
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
20
Frozen Fruit And Vegetables
21
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
21
Snack Foods
22
Table: Sweet Biscuits Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
22
Table: Jams & Jellies Volume Sales, Production & Trade - Historical Data & Forecast (Ireland 2011-2018)
23
Pasta
23
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
24
Oils & Fats
24
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
24
Dairy
25
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
26
Drink
28
Soft Drinks
28
Table: Soft Drinks Sales, Production & Trade (Ireland 2011-2018)
29
Alcoholic Drinks
30
Table: Alcoholic Drinks Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
33
Hot Drinks
34
Table: Hot Drink Value/Volume Sales, Production & Trade - Historical Data & Forecasts (Ireland 2011-2018)
35
Mass Grocery Retail
35
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts (Ireland 2011-2018)
36
Table: Organised Retail Market Share
36
Trade
37
Table: Trade Balance - Historical Data & Forecasts (Ireland 2011-2018)
38
Macroeconomic Forecast
39
Economic Analysis
39
Table: Economic Activity (Ireland 2009-2018)
43
Industry Risk/Reward Ratings
44
Western Europe - Risk/Reward Ratings
44
Table: Western Europe Food & Drink Risk/Reward Ratings Q414
45
Table: Western Europe Food & Drink Risk/Reward Sub-Factor Ratings Q414 (scores out of 10)
49
Ireland Risk/Reward Ratings
50
Market Overview
51
Food
51
Agri-Food
51
Confectionery
52
Prepared Food
52
Dairy
53
Drink
54
Soft Drinks
54
Alcoholic Drinks
54
Mass Grocery Retail
57
Table: Mass Grocery Retail Sales By Format (Ireland 2005-2014)
58
Table: Mass Grocery Retail Sales By Format (Ireland 2005-2014)
59
Industry Trends And Developments
60
Food
60
Key Industry Trends And Developments
60
Drink
67
Key Industry Trends And Developments
67
Mass Grocery Retail
74
Key Industry Trends And Developments
74
Competitive Landscape
79
Table: Key Players In Ireland's Food Sector
79
Table: Key Players In Ireland's Drink Sector
81
Table: Key Players In Ireland's Mass Grocery Retail Sector
82
Company Profile
83
Kerry Group
83
Greencore
86
C&C
89
Tesco Ireland
92
Global Industry Overview
95
Table: Select Food Companies - R&D And Advertising Financials
101
Table: Food And Drink Core Views
103
Demographic Forecast
104
Demographic Outlook
104
Table: Ireland's Population By Age Group, 1990-2020 ('000)
105
Table: Ireland's Population By Age Group, 1990-2020 (% of total)
106
Table: Ireland's Key Population Ratios, 1990-2020
107
Table: Ireland's Rural And Urban Population, 1990-2020
107
Glossary
108
Food & Drink
108
Mass Grocery Retail
108
Methodology
110
Industry Forecast Methodology
110
Sector-Specific Methodology
111
Sources
111
Risk/Reward Rating Methodology
112
Table: Food & Drink Risk/Reward Rating Indicators
113
Table: Weighting
114

The Ireland Food & Drink Report features Business Monitor International (BMI)'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 Ireland 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 Ireland.

Key Benefits

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