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Canned Foods 2012 - Market Report

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Executive Summary

This Key Note Market Report Update examines the canned foods industry in the UK; it calculates that the market grew by 2.4% in 2011. This was primarily a result of price inflations as production costs and raw material prices rose.

Despite this increase in value, the canned foods industry in the UK is in decline in volume terms. Although the canned foods market has traditionally benefitted from economic downturns, it has failed to profit from the current crisis. This is because the majority of consumers are now accustomed to a certain degree of luxury in their lives, which they are proving reluctant to give up, in spite of strained finances. Although they cannot afford to dine out, many still want to treat themselves and are buying premium grocery products in the chilled and frozen food aisles instead. Within the ambient sector, pouches and jars have gained popularity at the expense of tin cans, which are deemed to be of poorer quality. Moreover, tin is becoming increasingly expensive, due to rising global demand and depleting stockpiles. As a result, more and more manufacturers are focusing their innovation on alternative formats rather than new product development (NPD) in the canned foods industry. This has failed to add dynamism and revive the market. http://www.bharatbook.com/canned-food-market-research-reports/canned-foods-2012-market-report.html

Canned goods are considered to be household essentials by the majority of homes in the UK, as they are perceived as products that offer good value for money. However, only three out of eight sectors in the canned foods industry grew in 2011. The fastest growing category was canned fish, as a result of a rise in fish consumption, improvements in sustainably-sourced products and an influx of value-added products within the sector. Moreover, consumers are using canned fish to prepare packed lunches and make dinner in order to save money. The canned vegetables sector also rose in value; these products are used by consumers as ingredients in dishes or to accompany a main course, as consumers cook at home to economise. Soups is the final category to have grown in value in 2011, primarily due to the growing number of health-conscious consumers in the UK. Manufacturers have been keen to introduce healthy and nutritious solutions that keep consumers fuller for longer. An emphasis on a product’s contribution to consumers’ ‘five-a-day’ is being used to encourage sales of canned foods that otherwise may be overlooked by the health-conscious consumer.

Current trends indicate that the canned foods market may struggle over the next 5 years. The industry’s growth rate will continue to slow; the market’s value is expected to rise by just 7% between 2012 and 2016, with much of this growth attributable to rising production costs that are then passed on to the consumer. Marketing campaigns with a focus on nutrition and innovation in the canned vegetables, fish and soup categories will help to fuel this growth.

Foreword
Executive Summary
Market Definition
REPORT COVERAGE
MARKET SECTORS
MARKET TRENDS
Cooking at Home and Packed Lunches
The Decline of the Canned Foods Industry in the UK
The Rising Cost of Raw Materials
ECONOMIC TRENDS
MARKET POSITION
The UK
Overseas
Market Size
THE TOTAL MARKET
BY MARKET SECTOR
Vegetables
Fish
Soup
Meat
Fruit
Pasta
Desserts
Cooking Sauces
OVERSEAS TRADE
Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
Current Issues
DECLINE OF THE TIN CAN
EU LEGISLATION
Regulation (EC)/
CORPORATE ACTIVITY
Baxters Food Group Ltd
Del Monte (UK) Ltd
Premier Foods PLC
Forecasts
INTRODUCTION
General Economic Forecasts
FORECASTS TO
MARKET GROWTH
FUTURE TRENDS
Emphasis on Nutrition
Marketing Campaigns
New Product Development
Company Profiles
INTRODUCTION
DEFINITIONS
Turnover (Sales)
Pre-Tax Profit
Profit Margin
Average Remuneration
Sales per Employee
FURTHER INFORMATION
BAXTERS FOOD GROUP LTD
Previous Name and Date of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
DEL MONTE (UK) LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
GLENRYCK FOODS LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
GONDOLA GROUP LTD
Previous Name and Date of Change
Principal Activities

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Canned Foods 2012 - Market Report

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