The growing trend of health-consciousness has led to the growth in demand for offshoot alcohol categories, like low-alcohol wine. Tesco is the latest retailer to have launched its own range of low-alcohol wine through its stores in the UK to capitalize of the growing consumer demand especially among young adults for low or no alcohol drink options.
Australia's increasingly affluent consumer base is driving up the demand for premium food products. Luxury chocolatier, Godiva is one of the company's seeking to cater to this demand, opening stand-alone stores in the country.
Further evidence of consolidation in the food delivery sector with Just Eat's GBP200mn deal to acquire Hungryhouse approved by the UK Competition and Market Authority. The deal falls in line with our view of consolidation continuing in the food delivery industry (see 'Five Key Food Services Trends', May 30 2016), with greater competition emerging in this market and players having to meet consum...
China's wine consumption is rising in line with income growth, as China's import of foreign wine reaches record levels. As China begins to import more foreign wines, European wine producers such as Spain are in the best position to benefit, as demand for red wine is projected to be highest amongst the Chinese consumer.
The increased likelihood of a 'soft Brexit' is good news for drinks major Diageo, which had been vocal in its support for the UK to retain its EU membership, due to its heavy reliance on European markets for its Scotch sales. Over the near-term, the company will continue to benefit from the weaker pound sterling since the EU referendum, with greater export opportunities opening up for the...
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Thanks, BMI Research