A new Keynotes confectionery report was launched in March
and is clearly available to buy. Meanwhile, there are a few snippets being
reported from it and we detail them here for you, keeping you up to date on the
UK confectionery market.
On a positive note, Keynotes forecast that the total value
growth of the UK confectionery market will be 8.6% between 2015 and 2019. Two
factors will account for this rise:
1. Retail price inflation
2. An increasing demand for premium quality confectionery following the recovery in the economy
In 2014, total value sales of UK confectionery grew by 2.1%
A big concern at the moment is the level of sugar in
confectionery, as the government and the media make shoppers fully aware of the
situation. 60.2% of UK consumers are concerned about high sugar levels in
confectionery, with worried parents starting to limit consumption for their
children.
The future of the UK confectionery market is never totally
clear, as is the case for any market category. Whilst sugar is likely to shape
it in some way, the fact remains that we all have a soft spot for confectionery and will most likely always find it in our hearts to enjoy the odd
sweet treat. I for one would agree with that!
And if you don’t think that the UK confectionery market is
growing fast enough for you, take a look at this top 10 list for the fastest growing
chocolate markets across the globe as supplied by Euromonitor International.
You might be tempted to consider a business venture in India or Venezuela during
the next few years:
CAGR% growth in
chocolate 2010-2015
| India | 17.2 |
| Venezuela | 17.2 |
| Algeria | 11.9 |
| UAE | 11.6 |
| Saudi Arabia | 11.5 |
| Argentina | 10.0 |
| Nigeria | 9.4 |
| China | 8.7 |
| Pakistan | 8.1 |
| Costa Rica | 7.8 |
No comments:
Post a Comment