Wine is one of the utmost popular drinks consumed worldwide. The escalating demand for wine, because of its unusual taste and health assistances is one of the key aspects boosting the growth of the global wine market. The global wine mar…
BMI View: The beginning of 2016 has been a difficult start to the year for consumer confidence and overall
retail spending; however, there are signs in the summer months that activity has begun to pick up. The Food
& Drink industry has gone through a rough year or two but we are anticipating stronger growth in the
second half of 2016 and beyond. Young, urban middle-class consumers are defining the major trends in the
industry, and will become prime targets for companies as the economy shifts towards one driven by
consumption over the long term.
Key Trends & Industry Developments
? Alcohol consumption will decline in 2016, brought down by an ongoing drop-off in beer volumes but
also as a result of the ongoing crackdown on corruption, which targets high-end spirits and wines.
International and craft beer is outperforming domestic brands.
? Food retailers are increasingly looking online, as expansion into rural areas is not reaping the same
rewards as the costs associated with it are high. Sun Art Retail Group has scaled back its store
expansion strategy in favour of investing in its e-Commerce operations.