Top Growth Opportunities: Savory Snacks in the UK

  • ID: 4421232
  • Report
  • Region: United Kingdom, Great Britain
  • 120 pages
  • GlobalData
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FEATURED COMPANIES

  • Aldi
  • B&M Stores
  • Home Bargains
  • Intersnack
  • KP
  • Morrisons
  • MORE
Top Growth Opportunities: Savory Snacks in the UK

Summary

United Kingdom ranks second among the top 10 countries globally in terms of per capita expenditure (in US dollar terms). The per capita expenditure on savory snacks products in US dollar terms grew at a CAGR of 1.9% in the last five years and is expected to grow at a CAGR of 4.7% during 2016-2021.

Despite an economic recovery, consumers are less willing to eat out and prefer to entertain more at home, which is contributing to the growth of savory snacks. Although snacks are traditionally perceived to be an unhealthy food option, grazing on snacks with authentic and natural ingredients is likely to rise. Consequently, the market is expected to register growth at a CAGR of 5.4% during 2016-2021, when compared to 2011-2016.

UK savory snacks market is led by the processed snacks category, which grew at a CAGR of 4.5% during 2011-2016. It is followed by the potato chips category, which is forecast to grow at a CAGR of 4.2% during 2016-2021. On the other hand, pretzels, the smallest value category are forecast to remain the fastest-growing during 2016-2021. The meat snacks category is expected to register the slowest value growth in US dollar terms at a CAGR of 3.7% in the next five years.

The report "Top Growth Opportunities: Savory Snacks in the UK", provides an overview of the bakery and cereals market, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. Proprietary Risk vs Reward Opportunity model pinpoints the best growth opportunities for dairy and soy food producers, suppliers and retailers by combining robust, granular data and expert insight. The report uses this framework to identify the best opportunities, analyze white spaces in the market, and outline new product development that will effectively target the most pertinent consumer need states. These are combined to offer strategic recommendations to capitalize on evolving consumer landscapes.

Companies mentioned in this report: Walkers, Pepsico, KP, Intersnack, Kelloggs, Tesco, Sainsburys, Iceland, Marks and Spencer, Asda, Morrisons, Booker, The Co-Operative, Aldi, B&M Stores, Home Bargains.

Scope:
  • The per capita expenditure on savory snacks products is growing and is supported by rising disposable income in the country.
  • The increase of time-scarce consumers as a result of long working hours has changed the need for traditional meal concept to easy and quick meals on-the-go among the UK consumers.
  • Moreover, with changing lifestyles due to busy lives, consumers are not only opting for easy food options but also looking for authentic and natural snack options with health & wellness attributes, which offers good growth opportunities in terms of per capita expenditure in the Savory Snacks market.
Reasons to buy:
  • Get a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market.
  • Identify the areas of growth and opportunities, which will aid effective marketing planning.
  • The differing growth rates in regional product sales drive fundamental shifts in the market.
  • This report provides detailed, authoritative data on these changes - prime intelligence for marketers.
  • Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aldi
  • B&M Stores
  • Home Bargains
  • Intersnack
  • KP
  • Morrisons
  • MORE
1. Introducing a top growth market for savory snacks
Top 10 global growth opportunities scores
Top global issues
Assessment against global strategic issues
strategic issues map
Predicted future issues for the global sector
Reward and risk assessment
Opportunity score - overview
Consumer spending trends - peer group comparisons
Political, economic, social, and technological analysis
Enablers and inhibitors of growth
Rewards and opportunities for growth
Summary of the market

2. Market insight - identifying the opportunities to move into
Market growth by category
Value growth of the market
volume growth of the market
Level of premiumization by category
Category analysis - key drivers of change

3. Retail and distribution insight - key channels and retailers driving growth
Savory snacks retail channel share
key retail channel trends
Routes to market
Drivers of change in the sector

4. Company and brand insight - the competitive landscape defined
Category fragmentation
Company and brand strength
Private label penetration
Brand share by leading supplier
International and domestic brand analysis
Company and brand strength summary

5. Consumer insight - who, what, when, where, and why
Strategic issues map
Key consumer driver implications
Key consumers trends
consumer groups
Key health & wellness trends
Penetration of health and wellness claims by category
Consumer trends summary

6. Product and packaging insights
key product insights
Trends and strategic issues - other notable product trends
Key product innovation case studies
Key packaging insights
Trends and strategic issues
Product launch key takeouts

7. White spaces and innovation opportunities - space to move into
Growth segments to target
Consumer spaces to target
Segment opportunities
Price dynamics
Key recommendations

8. Appendix and Definitions

List of Tables
Visualization of 10 countries growth opportunities
Visualization of 10 countries growth opportunities (continued)
Reward and risk assessment
Market value and split, 2011-2021
Winners and losers by category, value, 2016-2021
Winners and losers by category, volume, 2016-2021
Key consumption volume shares by consumer group, 2016
Key consumption motivators by category, 2016
Key consumption motivators by category, 2016 (continued)
Consumer spaces to target when entering UK savory snacks
Top categories by volume and CAGR, 2011-2016
Average price change by brand, 2016

List of Figures
Map of top opportunity markets
Map of top global issues
Global issue web
strategic issues map
Average consumer spend, peer group comparisons, 2011-2021
Market value and split, 2011-2021
Value growth by category, 2011-2016 and 2016-2021
Value market growth by category, 2011-2021
Winners and losers by category, volume, 2016-2021
Value and volume growth by category, 2011-2021
Fragmentation by category, 2011-2016
Private label penetration and CAGR, 2011-2016
Cumulative value share by brand, 2016
Penetration of health and wellness claims by category, 2016
Packaging materials volume share, 2016 & 2021
Packaging closure materials volume share, 2016 & 2021
Projected CAGR for top five categories by value, 2016-2021
Price change by category,
Note: Product cover images may vary from those shown
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  • Walkers
  • Pepsico
  • KP
  • Intersnack
  • Kelloggs
  • Tesco
  • Sainsburys
  • Iceland
  • Marks and Spencer
  • Asda
  • Morrisons
  • Booker
  • The Co-Operative
  • Aldi
  • B&M Stores
  • Home Bargains
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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