SUBSCRIBE

Inside food & drink manufacturing

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 nutrition ‘significantly developed’ over past 50 years

Nutrition’s future is linked to epigenetics

Judy Buttriss

director general, British Nutrition Foundation

Food challenges are the same globally: skills boss

Food challenges are common globally: skills boss

Jon Poole

Chief executive, IFST

Pie maker on why he left successful IT career for food

Meat firm boss on his switch from IT to food

Tom Martin

Owner, Eric Richmond

US food show offers answers for UK students

US food show offers answers for UK students

Two British students gained valuable insights into the global industry after visiting one of...

Food safety new technology to keep food fresher

Latest food safety tech ‘keeps food fresher’

Richard Akkermans

Technology Director, Campden BRI

Tea manufacturer advises on winning a food and drink Oscar

Core values key to winning an FMEA

Gill Green

Marketing director, Wessanen UK

Food Manufacture Excellence Awards entrants ‘should play to strengths’

FMEA Oscar hopefuls ‘should play to their strengths’

Entrants to this year’s Food Manufacture Excellence Awards (FMEAs) should use their unique strengths...

Drinks boss gives food and drink packaging tips

Coke boss gives packaging sustainability advice

Nick Brown

Head of Sustainability , Coca-Cola European Partners

Food firms need to show honesty: research boss

Food firms need to show honesty: research boss

Professor Steven Walker

Director general, Campden BRI

Businesses can save money by making changes along the supply chain

Big cost savings from small supply chain changes

Helen Munday

Chief Scientific Officer, Food and Drink Federation

Food manufacturers can save money by being environmental

How to save money? Go environmentally-friendly

Richard Clothier

Managing Director, Wyke Farms

Brexit price rises could be stopped by retailing competition

Retailing competition could reduce Brexit cost impacts

Joanne Denney-Finch

Chief Executive, IGD

Food manufacturers must improve shopper experiences

Manufacturers and retailers must work together

Food and drink manufacturers need to work with retailers to help customers have “an experience” when...

Morrisons, Dairy Crest and ABF expected to report trading updates

Good news on the way for Morrisons: Shore Capital

Morrisons, Dairy Crest and Associated British Foods (ABF) are just three companies expected to...

Food and and drink manufacturing: Next Month’s News

Next Month’s News: our podcast preview

Welcome to Next Month’s News, the latest edition in Food Manufacture Group’s new podcast...

Food Manufacture’s new podcast: Next Month’s News

Next Month’s News: Food Manufacture’s new podcast

Welcome to Next Month’s News, the Food Manufacture Group’s new podcast that predicts what...

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...