The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: An improving consumer outlook on the back of rising disposable incomes will drive growth in
Romania's food and drink industry throughout our forecast period. A positive outlook for food and drink
spending will bode well for the mass grocery retail sector which we forecast to experience strong growth
over the short term. Throughout the medium-to-long term, we expect consumers to trade up price points and
increasingly embrace premiumisation.
Key Trends & Industry Developments
? Food sales (local currency) growth y-o-y in 2016 +3.3%; compound annual growth rate 2015-2020:
? The alcoholic drinks category will show a slow recovery over our forecast period.
? Expansions of the discount, supermarket and hypermarket formats will drive mass grocery retail growth
over our forecast period.
? Favourable labour market dynamics and successive VAT cuts will spur spending growth in the food and