Key View:
Food and drink will be the fastest growing consumer spending category globally in 2019, up by 5.6% y-o-y, compared to
average global consumer spending growth of 4.9%. A number of factors are driving growth, including inflation of 2.9%, but also
industry-related trends including moves towards premiumisation, vegetarian foods and healthy diets. This is helping to drive higher
spending across food and drink categories, even if volume sales are stagnating or declining, as consumers opt for higher value
products, but in smaller quantities. Ongoing moves away from meat-heavy diets towards vegetarianism and 'flexitarianism', but also
lower meat consumption in general, is boosting a number of our food categories, particularly fish but also root vegetables and
mushrooms. Coffee is also expected to have a strong year at 8.3% growth in 2019. This beverage sector saw a lot of activity over
2018, with the acquisition of major coffee chains and launch of new products. Grocery retailers are having to adapt to this demand
by adding more of these products in their stores, while positioning themselves as 'must visit' locations, investing more in renovations
and online capabilities.
Table of Contents
Key View
Industry Forecast
Industry Trend Analysis
- Fitch Solutions: Food And Drink Key Themes For 2019
- Lavazza Strengthens Footprint In Coffee With Mars Deal
- Coca-Cola Eyes Up Medicinal Marijuana Industry
- Blockchain In Food Supply: Walmart Takes First Step
- 2018 Retrospective: Fitch Solutions Key Food & Drink Themes
Company Profile
- Carrefour
- Kweichow Moutai
- Diageo
- Unilever
- Walmart
- Coca-Cola
Food & Drink Glossary
Food & Drink Methodology
