The US Food & Drink Report

    • Independent 5 year Food and Drink industry forecast for US
    • Original Food and Drink market research and Food and Drink sector trend analysis for US.
    • Competitive intelligence, regional Food and Drink company rankings and SWOT analyses on international and domestic Food and Drink companies in US.

The US Food & Drink Report has been researched at source, and features latest-available data covering food, drink and tobacco consumption, expenditure, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes covering leading multinational and national food companies; and analysis of latest industry news, trends and regulatory developments in US.

Business Monitor International’s US 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, drink and tobacco industry, and the mass grocery retail market in US.

Key Benefits of Report

    • Benchmark BMI’s Independent 5-year Food and Drink Industry Forecasts on US to test other views – a key input for successful budgeting and strategic business planning in the American Food and Drink market.
    • Target Business Opportunities & Risks in US through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
    • Exploit Latest Competitive Intelligence & Company SWOTS on your competitors and peers through company rankings by sales, market share and ownership structure – includes multi-national and national companies.

Coverage 

Executive Summary

At-a-glance overview of BMI’s latest industry forecasts, and a summary of headline news events from the last quarter.

Business Environment Rankings

Cross-border analysis of the region’s key markets, ranking them in order of competitiveness from an investor angle. Taking into account, economic risk, political risk, mass grocery retail sales growth, market entry potential, possible barriers to entry and per-capita consumption, BMI provides a unique study on the region’s business environments for the retail and food & drink industries.

5-Year Retail Forecast

Divided up into six sections, BMI’s retail chapter provides insights into each market’s mass grocery retail industry, culminating in a 5-year forecast for the sector. The chapter includes the following elements:

  • Regional Overview - complete with data, an overview of the size of the region’s market
  • Market Overview - an outlook of the structure of the market, introducing the key players and discussing underlying trends
  • Industry Developments - analysis and explanation of industry trends and how these could encourage or prevent further investment
  • Company Developments - a summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results
  • Industry Forecast Scenario - Historic data series and 5-year forecasts to end-2011 for growth or decline of grocery retail formats, such as supermarkets, hypermarkets, convenience stores and co-operatives
  • Macroeconomic Outlook - 5-year forecasts for headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt

5-Year Food and Drink Forecast

Comprising five sections, BMI’s Food & Drink chapter provides analysis of each market’s Food & Drink industry, culminating in a 5-year forecast for the sector. The chapter includes the following elements: Regional Overview, Market Overview, Industry Developments, Company Developments and a 5-Year Forecast. This section contains a historic data series and forecasts to end- 2011 for key indicators including food consumption (US$mn), food expenditure (% household spending), canned food sales (‘000 tonnes); canned food sales, value (US$mn); confectionery sales (‘000 tonnes); confectionery sales, value (US$mn); coffee sales (US$mn); tea sales (US$mn); alcoholic drinks sales (US$mn); and soft drinks sales (US$mn).

5-Year Tobacco Forecast

Overview and analysis of structure, industry developments and forecasts for the tobacco market.

SWOT Analysis

At-a-glance perspective on the strengths, weaknesses, opportunities and threats facing each market’s Food & Drink industry. BMI also provides similar economic and business environment studies.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets, number of employees and registration dates. BMI analyses each company’s performance, market position, strategy and investment potential.

BMI's Executive Summary

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The premium chocolate market in the US has been growing rapidly over recent years, and manufacturers are increasingly adjusting their product portfolios to benefit from this trend. Within the sector, dark chocolate has experienced the strongest growth, owing to the health benefits attributed to its consumption. According to figures published by AC Nielsen, the premium chocolate category in the US grew by 24% in 2006, compared with overall growth in the chocolate market of 3.9%.

Thus, in November 2007, Mars Snackfood US announced that it will expand the Dove Chocolate brand with more premium varieties, including Dove Dark Chocolate with Almonds, Dove Milk Chocolate with Almonds, Dove Flavored Caramels, Dove Beautiful and Dove Vitalize. According to company spokespeople, chocolate distribution to the convenience store channel has almost doubled in the past year while, across all channels, the premium chocolate segment is experiencing double-digit growth. Also in November, Ghirardelli added three new flavours, Midnight Reverie, Evening Dream and Mint Bliss, to its Intense Dark range with the aim to capitalise on the increasing popularity of dark chocolate in the US. According to company sources, the dark chocolate category grew 49% between 2003-2006, with 2006 sales having reached US$1.2bn. The newly launched varieties cover a range of high cacao percentage dark chocolate products, from 60-86% cacao content.

Ghirardelli spokespeople stated that, 'while we see growth in both non-premium and premium segments, the premium dark chocolate segment demonstrates the strongest sales and share increase, as consumers recognise the quality difference among dark chocolate brands is more prominent. US consumers want to trade up to enjoy luxury versions of everyday products and are no longer content with the average chocolate product. We see the American palate changing as consumers crave not only a darker chocolate but also more sophisticated recipes.'

Other chocolate producers also continue to invest into the premium segment. Lindt USA, the US subsidiary of Swiss premium chocolate manufacturer Lindt & Sprüngli, recently expanded its US headquarters and production facilities following 'robust year-after-year growth and increased consumer demand'. CEO Thomas Linemayr stated that he expects growth in the premium chocolate sector to continue and that Lindt is planning future expansion efforts in coming years in order 'to accommodate the impressive growth of the premium chocolate category in the US.'

 

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