Country Profile: Savory Snacks Sector in the UK

2017-07-18
Price :
Published : Jul-2017
No. of Pages : 124

Country Profile: Savory Snacks Sector in the UK

Summary

UK Savory Snacks sector accounted for a volume share of 4.1% of the global market and 30.1% of the regional (Western Europe) market in 2016. The sector was valued at £4,598.2 Million (US$6,202.5 Million) in 2016 and is expected to grow at a CAGR of 6.5% during 2016-2021. A growing population and high degree of urbanization are the key growth drivers of Savory Snacks sector in the UK. Long working hours and consumers’ busy schedules will further contribute to the growth of the sector. Per capita consumption stood at 7.2kg when compared to the global and Western Europe levels of 2.2kg and 3.8kg, respectively, in 2016.

Processed Snacks was the largest with value sales of £1,909 Million (US$6,202.5 Million) in 2016. Furthermore, it is expected to register value growth at a CAGR of 7.8% during 2016-2021 compared to Ethnic/Traditional Snacks (5.2%), Meat Snacks (4.9%), Nuts and Seeds (5.6%), Popcorn (5.2%), Potato Chips (5.3%).and Pretzels (13.2%).

Hypermarkets & Supermarkets was the leading distribution channel in the UK Savory Snacks sector, accounting for a total value share of 61.8% in 2016. It was followed by Convenience Stores and “Dollar Stores”, Variety Stores & General Merchandise Retailers with 23.7% and 4.4% value shares, respectively, in the same year. Flexible Packaging was the most commonly used packaging material in the UK Savory Snacks sector with a volume share of 98.87% in 2016, followed by Paper & Board and Rigid Plastics with 1.06% and 0.05% shares respectively.

Health & Wellness attributes such as ‘Free From’ and ‘Food Minus’ and consumer benefits such as ‘General Wellbeing’ and ‘Weight & shape Management’ are the most sought after Health & Wellness claims in the UK Savory Snacks sector. Consumption of Savory Snacks is high among the female population. Moreover, consumption is particularly high among those UK consumers who received Tertiary education. In terms of consumption by age group, Older Consumers and Kids & Babies together accounted for a 48.9% share in 2016.

The top five brands in the UK Savory Snacks sector accounted for value share of 36% in 2016 while private label products represented 14.3% share of the value sales in the same year.

The report “Country Profile: Savory Snacks Sector in the UK” provides insights on high growth markets to target, trends in the usage of package materials, category level distribution channel data and market share of brands.

In particular, this report provides the following –
– Market Data: Overall market value and volume data with growth analysis for 2011-2021
– Market Coverage: Value and growth analysis for Ethnic/Traditional Snacks, Meat Snacks, Nuts and Seeds, Popcorn, Potato Chips, Pretzels and Processed Snacks with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
– Leading Players: Market share of brands and private labels, including private label growth analysis from 2011-2016
– Distribution Data: Percentage of sales within each market through distribution channels such as Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
– Packaging Data: consumption breakdown for package materials and pack type in each market, in terms of percentage share of number of units sold. Package material data for Flexible Packaging, Paper & Board, Rigid Metal, and Rigid Plastics, and others; pack type data for: Bag/Sachet, Film, Stand Up Pouch, Can, Speciality container, Tray, and Jar.

Companies mentioned in this report: Cofresh Snack Foods UK, Haldirams, Kohinoor Food Ltd., Majan`s, Retail Brands, Spices of India Ltd., The Snack Co., Tyrrells Potato Crisps Ltd, Jack Link`s Nz Ltd., Kerry Group Plc, Kings, Rügenwalder Spezialitäten Plüntsch GmbH & Co. , G, The Jerky Group, The Meatsnacks Group, Tulip Food Company A/S, Unilever, the Me(at) snack, Blue Diamond Growers, Bobbys Foods PLC, Centennial Snacks, Chia Charge, Clearspring Ltd., Crazy Jack, East End Foods, FudcoGefen, LLC, Golden Tree, Graze, Guinness Gourmet, HUMDINGER LTD, Intersnack Group GmbH & Co. KG, Itsu, JCs, Jumble Bee, Kestrel Foods Ltd.

Scope

– The Savory Snacks sector in the UK accounted for 30.1% volume share in the Western European region in 2016
– The top five brands accounting for 36% share in 2016.
– The Savory Snacks sector in the UK is forecast to grow at 6.5% CAGR in value terms during 2016-2021
– Pretzels is forecast to register the fastest growth during 2016-2021
– Per capita consumption of Potato Chips is noticeably high in the UK compared to global and regional levels

Reasons to buy

– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
– Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
– Manufacturers can identify the opportunities to position products with H&W attributes/benefits
– Access the key and most influential consumer trends driving Savory Snacks products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
– The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
– Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.

Filed in: Food & Beverage
Publisher : GlobalData
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