UK Food Preparation - 2018
Summary
Due to uncertainty as to the UK’s future trading relationship with the EU, which is impacting consumer confidence, it is likely that volume sales growth will remain negative in 2018 - leading to inflation-led growth of 1.2% in 2018.
Over the next five years, the category is forecast to grow. As consumer confidence improves, so too should demand for food preparation products, particularly gadgets and utensils, such as premium knives. Wider distribution of food-prep products through more retailers, both physical and online, will also facilitate growth.
An overwhelming majority of consumers indicated they prefer to cook meals from scratch, enjoy the process of cooking, believe its saves them money, and is relaxing. However, the majority (52.1%) also indicated they do not have the time.
As consumers increasingly prefer to cook meals from scratch and the trend for becoming a ‘professional’ cook at home grows, demand for the right utensils will also increase. The utensils category will grow the second fastest of any sub category to 2023, driven by the shorter replacement cycle of these products as consumers increase their use, as well as demand for premium knives.
The "UK Food Preparation - 2018", report offers comprehensive insight and analysis of the food preparation market (including forecasts up to 2023), the major players, the main trends, and consumer attitudes. The report focuses on accessories, gadgets and utensils.
It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes and forecasts, retailer profiles, retailer market shares, consumer data and future outlook.
Scope
Reasons to Buy
Summary
Due to uncertainty as to the UK’s future trading relationship with the EU, which is impacting consumer confidence, it is likely that volume sales growth will remain negative in 2018 - leading to inflation-led growth of 1.2% in 2018.
Over the next five years, the category is forecast to grow. As consumer confidence improves, so too should demand for food preparation products, particularly gadgets and utensils, such as premium knives. Wider distribution of food-prep products through more retailers, both physical and online, will also facilitate growth.
An overwhelming majority of consumers indicated they prefer to cook meals from scratch, enjoy the process of cooking, believe its saves them money, and is relaxing. However, the majority (52.1%) also indicated they do not have the time.
As consumers increasingly prefer to cook meals from scratch and the trend for becoming a ‘professional’ cook at home grows, demand for the right utensils will also increase. The utensils category will grow the second fastest of any sub category to 2023, driven by the shorter replacement cycle of these products as consumers increase their use, as well as demand for premium knives.
The "UK Food Preparation - 2018", report offers comprehensive insight and analysis of the food preparation market (including forecasts up to 2023), the major players, the main trends, and consumer attitudes. The report focuses on accessories, gadgets and utensils.
It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes and forecasts, retailer profiles, retailer market shares, consumer data and future outlook.
Scope
- Food prep is forecast to be worth £586.7m in 2018.
- Tesco is the leading retailer in the food-prep market with 5.6% share, followed by Wilko and John Lewis with 4.8% and 4.3% share respectively.
- Amazon, IKEA and The Range are all forecast to gain 0.2 ppts of share in 2018, while Lakeland and John Lewis are set to lose 0.2 ppts.
Reasons to Buy
- Using our five year forecasts to 2023, learn which subcategories in the Food prep market will be the fastest performing to ensure more focus and investment in these winning product areas.
- Understand how drivers of Food prep purchases, such as price, quality, design and innovation, change in importance among different demographics in order to maximise sales potential.
- See which retailers are set to gain share in 2018 and beyond and the reasons behind this.
- Learn what impact social trends, such as the rise of plant-based eating, are having on the market for food prep items.
Table of Contents
ISSUES AND STRATEGIES
THE MARKET
THE RETAILERS
THE CONSUMER
METHODOLOGY
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Tesco
- Wilko
- John Lewis and Partners
- IKEA
- Dunelm
- Sainsbury's
- The Range
- Lakeland
- Poundland
