SUBSCRIBE

Breaking News on the Food and Drink Manufacturing Sector

Sectors > Confectionery

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 waste plant fireball caused by lightning strike

Lightning strike causes fireball at food waste plant

A lightning strike that ignited a huge methane gas fireball at a food waste...

Chocolate factory sweet on lean manufacturing plans

Lean and green tops the agenda for Kinnerton

Mark Bullock

General manager, Kinnerton Confectionery

Bakery fire arsonist caught on CCTV

London bakery fire arsonist caught on CCTV

Dramatic CCTV footage of a masked arsonist attacking a London bakery has been released...

Lean food manufacturing depends on skilled managers

Skilled managers ‘vital for lean manufacturing’

A skilled and fully-trained management team is vital for the success of lean and...

Lean and green manufacturing savings: what to expect

Lean and green manufacturing savings: what to expect

Lauras International partner, Jeremy Praud sets out what savings to expect from implementing a...

Marks & Spencer’s sourcing boss: what we expect from suppliers

M&S sourcing boss: what we expect from suppliers

Marks & Spencer (M&S) sets demanding standards for its suppliers but rewards top class achievement, explains...

Food manufacturer explains the benefits of lean

Greencore boss sets out lean manufacture gains

Lean and green food manufacturing is about far more than “switching off the lights and...

Campylobacter control needs unified food industry action

Campylobacter control needs unified approach

Combating campylobacter infection requires a broad industry approach of co-ordinated action, according to Food...

Food manufacturers should ‘do more to support apprenticeships’

Food firms should ‘do more to back apprentices’

Food and drink manufacturers should do more to help apprentices find work in the...

 Food crime: what’s on the experts’ wish list

Food and drink crime: what tops experts’ wish list

Persuading people to share information about suspected food and drink crime, co-ordinating intelligence sharing...

Turkey boss offers video advice to younger self

Bernard Matthews boss offers advice to younger self

After more than 40 years of industry experience, Bernard Matthews group technical director Jeremy...

Top food and drink trends 2016

2016 trends: Sports nutrition goes mainstream

Sports nutrition moving ‘beyond the athlete’ was among the top 10 trends for 2016...

Food firms must produce own energy

Food firms must produce own energy or become ‘uncompetitive’

Food and drink manufacturers must develop their own ways of producing energy in order...

Food retail industry outlook gets better

Food retail industry has ‘mother of all hangovers’

The food retail industry is recovering from the “mother of all hangovers” after falling into a...

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...

On demand Supplier Webinars

Lean & Green Manufacturing
WRBM
All supplier webinars