FDBusiness.com

UK Growth in Seasonings Comes at the Expense of Sauces

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

UK Growth in Seasonings Comes at the Expense of Sauces

UK Growth in Seasonings Comes at the Expense of Sauces
October 20
09:43 2015

According to Cooking Sauces & Food Seasonings 2015, a new report from market intelligence provider Key Note, the value of the UK cooking sauces and food seasonings market fell by 0.3% in 2014, following a period of sustained year-on-year growth. Decline was driven by the cooking sauces sector, however, and actually disguises the healthy growth of the smaller food seasonings category.

Cooking sauces are a popular and convenient mealtime solution for many Britons, with the range of formats, sizes and price points helping to enhance household penetration. But while some categories continue to perform — notably Indian and Italian — the sector as a whole has suffered from a dip in retail prices and rising own-label sales. In addition, sales are increasingly being squeezed on two opposing sides: on the one hand, the demand for greater mealtime convenience is driving ready meal sales; on the other, the resurgent popularity of cooking from scratch is driving food seasoning sales.

A growing number of Britons want to have full control over what they eat due to concerns about food fraud, additives and health, and believe that cooking from scratch is the best way to achieve this. When combined with the increasingly adventurous nature of the consumer base, the demand for a broader range of dried herbs and spices has grown significantly in recent years. Although threats do remain, not least the rivalry with fresh herbs, recent revelations regarding the impurity of dried oregano and inflated retail prices as a result of global market pressures, it is clear that the food seasonings sector significantly outperformed the cooking sauces sector in 2014.

Key Note expects this to continue to be the case over coming years, with the popularity of cooking from scratch expected to increase. Despite the fact that the cooking sauces sector is likely to return to growth in the near future, it is expected to be modest and primarily based on recovering sales in the premium category rather than as a result of improved volume sales. Overall therefore, Cooking Sauces & Food Seasonings 2015 forecasts market value growth of just below 4% between 2015 and 2019.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements