“Top Growth Opportunities: Savory Snacks in the UK“, provides an overview of the bakery and cereals market, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. Proprietary Risk vs Reward Opportunity model pinpoints the best growth opportunities for dairy and soy food producers, suppliers and retailers by combining robust, granular data and expert insight. The report uses this framework to identify the best opportunities, analyze white spaces in the market, and outline new product development that will effectively target the most pertinent consumer need states. These are combined to offer strategic recommendations to capitalize on evolving consumer landscapes.
The UK ranks second amongst the top 10 countries in terms of per capita expenditure (in US$ terms). The per capita expenditure on Savory Snacks products in US$ terms grew at a CAGR of 1.9% in the last five years and is expected to grow at a CAGR of 4.7% during 2016-2021.
– The per capita expenditure on savory snacks products is growing and is supported by rising disposable income in the country.
– The increase of time-scarce consumers as a result of long working hours has changed the need for traditional meal concept to easy and quick meals on-the-go among the UK consumers.
– Moreover, with changing lifestyles due to busy lives, consumers are not only opting for easy food options but also looking for authentic and natural snack options with health & wellness attributes, which offers good growth opportunities in terms of per capita expenditure in the Savory Snacks market.
Reasons to buy
– Get a detailed understanding of consumption to align your sales and marketing efforts with the latest trends in the market.
– Identify the areas of growth and opportunities, which will aid effective marketing planning.
– The differing growth rates in regional product sales drive fundamental shifts in the market.
– This report provides detailed, authoritative data on these changes – prime intelligence for marketers.
– Understand the market dynamics and essential data to benchmark your position and to identify where to compete in the future.
Table of Content: Key Points
1. Introducing a top growth market for savory snacks
Top 10 global growth opportunities scores
Top global issues
Assessment against global strategic issues
GlobalData’s strategic issues map
Predicted future issues for the global sector
Reward and risk assessment
Opportunity score – overview
Consumer spending trends – peer group comparisons
Political, economic, social, and technological analysis
Enablers and inhibitors of growth
Rewards and opportunities for growth
Summary of the market
2. Market insight – identifying the opportunities to move into
Market growth by category
Value growth of the market
volume growth of the market
Level of premiumization by category
Category analysis – key drivers of change
3. Retail and distribution insight – key channels and retailers driving growth
Savory snacks retail channel share
key retail channel trends
Routes to market
Drivers of change in the sector
4. Company and brand insight – the competitive landscape defined
Company and brand strength
Private label penetration
Brand share by leading supplier
International and domestic brand analysis
Company and brand strength summary
5. Consumer insight – who, what, when, where, and why
Strategic issues map
Key consumer driver implications
Key consumers trends
Key health & wellness trends
Penetration of health and wellness claims by category
Consumer trends summary
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