PMR: Food market to grow by 20% in 5 years

Poland’s food and beverage market may grow by 20 percent over the next five years, according to a forecast from market research firm PMR quoted by ISBnews. In 2013 the sector’s value grew by only 2 percent year-on-year to PLN 234 billion. PMR analysts expect growth to accelerate in the coming years, but not to more than 5 percent y/y. The forecast is connected with the GDP growth forecast for Poland, they said. It is likely that, despite fairly low growth, 2013 was a time of rebound in the Polish economy, PMR said. The analysts also stressed that the food and beverage market is the only sector of Poland’s economy, which did not record an annual decline since 2008.