Brazil: World Cup expected to generate almost R$ 2 billion in food and drink sales
The FIFA World Cup in Brazil is expected to generate revenues of R$ 1.8 billion ($810 million) in retail food and drink sales, according to figures from the Sao Paulo Supermarket Association (APAS).
Quoting APAS, Giro News reports that the categories seeing the biggest lift over the four weeks of the competition have been beer, soft drinks, processed meat and barbecue foods.
APAS also reports that many fans in Brazil have turned watching matches into a communal event, driving food and drink consumption. Its survey revealed that 70% of consumers prefer to watch the matches in groups of two or more, with 56% opting to watch the matches at home and 88% of fans eating and drink during games.
Partly as a result of the lift from the World Cup, the supermarket assocation expects consumption of beer to increase 37% year-on-year. Meanwhile, in the state of Sao Paulo, it predicts turnover across the grocery sector to reach R$92 billion reais ($42 billion), a jump of 15% compared to 2013.
Source: Giro News