This popular series considers five countries known as the ‘BRICM’ economies – Brazil, Russia, India, China and Mexico – from the perspective of the branded/packaged food industry. The five countries are widely regarded as the ultimate emerging destinations for manufacturers and retailers prepared to invest now in order to reap the rewards once the countries ‘come of age’.
There are many advantages for food companies to target the BRICM economies if they are seeking global expansion; however, the countries are also fraught with problems, as they continue to be regarded as developing markets that are often burdened with antiquated regulations and complicated entry and merger and acquisition (M&A) procedures. There are many differences between each country – as well as internally within each country – particularly considering the incredible size of China, Russia and India. Local market conditions can change quickly and regulations are often swiftly passed that directly impact foreign investors.
The local food production industry is starting to thrive in each of the five key markets and represent credible competition for all foreign investors over the forecast period (to 2013*). Multinational retailers and producers/brand owners are present in the entire BRICM region and many are performing well.
Reports’ methodology
It is impossible for the BRICM region to be addressed as a single entity – there are many differences between each country: from consumer attitudes to shopping; preferences for shopping in supermarkets and hypermarkets versus traditional and specialist stores; and, wide variations in spending power. This series of just-food reports provides analysis and insight into the potential of the food sector in BRICM by considering the best-practice strategies employed by leading multinational and domestic manufacturers alongside trend analysis. Market value forecasts by category are provided to 2013, based on research conducted by just-food in 2008. SWOT analyses are also included for at least one major domestic food company per country
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