United States Food and Drink Report
Q2 2013

United States Food and Drink Report Q2 2013

We have revised up our US real GDP growth forecast to 2.3% from 2.1% for 2013. While this partly reflects slightly stronger incoming data in Q412 increasing the base effect for 2013, the tax matters in the fiscal cliff were resolved more swiftly than we had expected, with the final tax hikes amounting only to the expected payroll tax cut expiry (costing about US$115bn to US workers in 2013, around 0.75% of GDP) and an increase in taxes for wealthier households (amounting to around US$60bn). This will not ease the uncertainty over the prospects for the US economy, and we expect food and drink consumption growth to remain subdued in the medium term as a result.

Headline Industry Forecasts (local currency)

• 2013 per capita food consumption = +1.9%; five-year compound annual growth rate (CAGR) to 2017 = +2.6%.
• 2013 alcoholic drinks value sales = +3.5%; CAGR to 2017 = +3.6%.
• 2013 soft drink value sales = +3.0%; CAGR to 2017 = +2.1%.
• 2013 mass grocery retail sales = +2.7%; CAGR to 2017 = +2.7 %.

• BMI Industry View
• SWOT
• Food
• Drink
• Mass Grocery Retail
• Industry Forecast
• Consumer Outlook
• Food
• Food Consumption
  • Table: Food Consumption Indicators - Historical Data & Forecasts, 2008-2017 .
• Confectionery
  • Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2012-2017
• Canned Food
  • Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2012-2017
• Dairy
  • Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2012-2017
• Drink
• Alcoholic Drinks
  • Table: Alcoholic Drinks Value/Volume Sales, 2012-2017
• Soft Drinks
  • Table: Soft Drinks Value/Volume Sales, 2012-2017 .
• Hot Drinks
  • Table: Hot Drinks Value/Volume Sales, 2012-2017 .
• Mass Grocery Retail
  • Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2012-2017
  • Table: Sales Breakdown By Retail Format Type
• Trade
  • Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2012-2017 .
• Macroeconomic Forecast
• Economic Analysis
• GDP By Expenditure Breakdown
• Risks To Outlook
  • Table: United States - GDP By Expenditure .
• Market Overview
• Food
• Food Consumption
• Confectionery
• Canned Food
• Agriculture
• Drink
• Alcoholic Drinks
• Soft Drinks
• Hot Drinks
• Mass Grocery Retail
  • Table: MGR Market Structure - Number Of Outlets
• Industry Trends And Developments
• Food
• Drink
• Mass Grocery Retail
• Competitive Landscape
• Food & Drink
  • Table: Key Players - Food .
  • Table: Key Players - Drink
• Mass Grocery Retail
  • Table: Key Players - Mass Grocery Retail
• Company Profile
• Kraft
• Kellogg
• General Mills
• Tyson Foods
• The Hershey Company
• The Coca-Cola Company
• PepsiCo
• Anheuser-Busch InBev
• MillerCoors
• Walmart Stores
• Global Industry Overview
  • Table: Core Views
• Demographic Forecast
  • Table: The United States' Population By Age Group, 1990-2020 ('000)
  • Table: The United States' Population By Age Group, 1990-2020 (% of total)
  • Table: The United States' Key Population Ratios, 1990-2020
  • Table: The United States' Rural And Urban Population, 1990-2020 .
• Glossary
• Food & Drink
• Mass Grocery Retail
• Methodology
• Methodology
  • Table: Rewards .
  • Table: Risks .
  • Table: Weighting