Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Cooking Ingredients and Meals in the United Kingdom" report has been added to ResearchAndMarkets.com's offering.
Comprehensive Industry Research Illuminates Driving Forces Shaping the UK Cooking Ingredients and Meals Landscape
The lingering effect of the inflationary wave from 2022, exacerbated by the ongoing Russian invasion of Ukraine, has resulted in continued economic pressures. Moreover, cooking ingredients and meals is dealing with the consequences of climate change, including extreme temperatures, which are affecting food production and supply chains.
The Cooking Ingredients and Meals in United Kingdom report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2018-2022, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth.
How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2027, clearly indicating how the market is expected to change.
Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.
Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.
Key report benefits
- Get a detailed picture of the Cooking Ingredients and Meals market;
- Pinpoint growth sectors and identify factors driving change;
- Understand the competitive environment, the market's major players and leading brands;
- Use five-year forecasts to assess how the market is predicted to develop
Key Topics Covered:
EXECUTIVE SUMMARY
- Cooking ingredients and meals in 2023: The big picture
- Key trends in 2023
- Competitive landscape
- Channel developments
- What next for cooking ingredients and meals?
EDIBLE OILS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Unit price rises linger, leading to movement between categories
- Ongoing substitution, and a growing share for private label
- Increased popularity of various product formats, including spray bottles
PROSPECTS AND OPPORTUNITIES
- Extreme weather conditions, climate change, and the implications for edible oils
- Other edible oil set to see resilience and an increasingly diverse product offering
- Moves towards sustainability expected
MEALS AND SOUPS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Inflation pushes value growth, and delay of HFSS prevents further volume decline
- New developments from restaurants, and innovation boost
- Shrinking budgets cause stabilising growth for meal kits, while ready meals sees an improvement as consumers return to busier lifestyles
PROSPECTS AND OPPORTUNITIES
- Health and wellness in ready meals and plant-based innovation in soup likely to drive further growth
- Frozen products, and quality shifts
- Convenience trend likely to boost quick recipe kits, and plant-based ready meals set to see growth
SAUCES, DIPS AND CONDIMENTS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Steep unit price rises and supply chain challenges persist
- Shrinkflation and other strategies undertaken by companies to offset rising costs
- Demand driven by flavour innovation and versatility
PROSPECTS AND OPPORTUNITIES
- Increasing prioritisation of health and wellness
- Exciting sauces options to cater to changing consumer palates
- Emphasis on premiumisation in pasta sauces
SWEET SPREADS IN THE UNITED KINGDOM
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Continued fluctuations in prices of key ingredients in sweet spreads
- Private label gains in honey and chocolate spreads
- Innovation in non-traditional flavours and plant-based alternatives
PROSPECTS AND OPPORTUNITIES
- Healthier variants likely to recover, with continued demand for health credentials
- New formats and textures to provide convenience and versatility
- Increased awareness of sustainably sourced ingredients
For more information about this report visit https://www.researchandmarkets.com/r/2szcn4
Source: Euromonitor International
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