One of the best performers of 2011, the S&P Consumer Staples Sector index is up 11.07 percent year to date, compared to the S&P 500, up only 0.68 percent.
But in the year ahead, only a few of the sector's stocks will continue to outperform, says John Faucher, JP Morgan senior analyst.
"The group will probably start off a little dissappointingly as numbers come down," he forecasts, pointing out that the weakened European economy, along with weak consumer spending, will likely hurt sector-leading multinationals more than domestic companies.