Breaking News on the Food and Drink Manufacturing Sector

Headlines > Business News

Read more breaking news



UK chocolate market set for growth, says Mintel

By Laurence Gibbons , 11-Feb-2013
Last updated on 18-Feb-2013 at 15:13 GMT2013-02-18T15:13:11Z

Convergence with Divergence outlines how consumer spending habits will change over the next three-years

Convergence with Divergence outlines how consumer spending habits will change over the next three-years

UK branded chocolate sales will show growth over the next three years, according to a new report by the Economist Intelligence Unit (EIU) and Mintel.

In this exclusive video, Peter Ayton, global consumer analyst at Mintel, said consumers will look towards the occasional low-cost treat having grown tired of watching their spending.

Ayton also discussed the impact the findings would have for food and drink manufacturers, how firms can exploit the growth within emerging markets and whether consumers would prefer branded or own-label products.    

Convergence with divergence

The new report, Convergence with Divergence: Consumer spending priorities in fast-growing emerging markets, analyses how increased household spending in emerging markets, including China, Mexico, Turkey, India and South Africa would change in comparison to the UK and US markets over the next three years.

The findings of the paper revealed that consumer spending would be driven by increased affluence in five emerging markets, which is expected to grow between 7.7% and 15.2% a year between 2013 and 2016.

The report was written by Ayton and Jon Copestake, chief consumer goods analyst at the EIU.

Food safety comfort zones can hurt

Beware of food safety comfort zones

Food and drink manufacturers should be aware of falling into food safety comfort zones...

Food crime boss appeals for new partnership

Crime boss appeals for food industry partnership

The new boss of the Food Crime Unit, Andy Morling, issued a passionate plea...

 Food and drink news of the week

Salad fire, 2 Sisters and Finsbury top week’s news

A blaze that tore through Selby Salads’ manufacturing site in North Yorkshire and wrecked...

Improve food supply chain transparency: AHDB boss

Improve supply chain transparency urges AHDB boss

Food manufacturers should help to improve transparency in the food supply chain and share...

 Food industry news of the week

Buyouts, campylobacter and recalls tops week’s headlines

The £1.6M buyout Leatherhead Food Research by the Science Group leads our selection of...

Food awards feel quality boost

More quality, depth and diversity among food manufacturing Oscars

Improved quality, depth and diversity were the three themes of this year’s Food Manufacture...

EU needs better veterinary medicines regulations

Better veterinary medicines regulations needed

Improved veterinary medicine regulations are needed urgently to help the EU safeguard food supplies...

2 Sisters features in our Good news, bad news roundup

2 Sisters Food Group leads our news roundup

2 Sisters Food Group features in our Good news, bad news roundup of the...

Food manufacturing news of the week

Premier Foods, fraud and recalls lead week’s headlines

Premier Foods creating 80 jobs with the opening of its new £20M production line,...

UK food industry more wasteful than France

UK lagging behind France on food waste redistribution

The UK food and drink industry is lagging behind France with the amount of...

British Mexican food firm’s biggest challenge

Biggest challenge for British-based Mexican food firm

Keeping up with the demand for crops and forecasting to avoid price hikes are...

Taylors of Harrogate reduces man hours

Taylors of Harrogate reduces maintenance downtime

Taylors of Harrogate has significantly reduced the maintenance downtown on its packaging lines after...

Graze: getting into retailers is hard

Graze ceo: ‘going from clicks to bricks isn’t easy’

Graze, the £68M turnover online snack manufacturer, had to make big changes to its...

Biscuit giant makes massive investment

Production continued at UB plant during £50M investment

United Biscuits’ £50M investment at its Harlesden facility didn’t stop production, despite major structural...

Bread hit hard by price wars

Bread is ‘price war casualty’ – FoB director

Bread is one of the biggest casualties of the supermarket price war, as retailers...

More convenience products for cereal sector

Boost convenience products to grow, says cereal boss

Changing consumer needs and an increasingly challenging market will continue to push cereal manufacturers...

Food and drink start-ups need better government backing

What start-ups need from a new UK government

More financial support must be given to food and drink start-ups by the next...

Bosch offers carton technology to make line changes simple

Bosch launches speedy carton machine

Breakfast cereal manufacturers and frozen pizza suppliers have access to cartoning technology that can...

Rise in premium sales an opportunity for food SMEs

Premium boom is a big opportunity for posh SMEs

More high-end food and drink start-ups are taking advantage of a boom in sales...

Food firms should prepare for pre-recession spending

Prepare for pre-recession spend – top economist

Food manufacturers should prepare for a positive three years ahead, as the changing economy...