Coffee Indus Optimistic About UK Consumption Growth In '09
20 5월 2009 - 12:55AM
Dow Jones News
The coffee industry is optimistic about achieving coffee
consumption growth in the U.K. in 2009, despite the global economic
slowdown, coffee companies said Tuesday.
Speaking on the sidelines of the U.K. Coffee Leader Summit,
Darcy Willson-Rymer, managing director of U.K. and Ireland for
Starbucks Corp. (SBUX), said his company is not noticing a change
in coffee consumption patterns and expects growth in 2009.
Marco Arrigo, sales director of Euro Food Brands and sole
distributor of Illy coffee in the U.K., also said Illy sales are
rising in the U.K. so far this year.
However, economic factors including the credit crisis and
declining consumer spending are dominating the coffee industry's
concerns, said Jeffrey Young, managing director of market analysts
Allegra Strategies.
As consumers become more careful with their discretionary
spending, coffee brands are competing aggressively for their
custom, employing different marketing strategies to communicate
value for money.
"Customer value expectations will be a legacy of the recession,"
said Young.
The coffee industry expects the current economic downturn will
take around 12-18 months to recover from, research by Allegra
Strategies showed.
-By Sarah McFarlane, Dow Jones Newswires; +44 (0)20 7842 9327;
sarah.mcfarlane@dowjones.com