Our outlook for the Spanish consumer will follow the moderating trend of economic growth, heading lower in 2018 from a recent high in 2017. An uptick in inflation, combined with weak wage growth and still elevated unemployment will contribute to this slowdown, which will be further at risk from political risk. This is starting to show in consumer confidence and retail sales data, which headed...
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.
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Thanks, BMI Research