IRI reveals £5.2m missed opportunity for retailers as Easter confectionery sales rocket
Association shares ‘Sweet Insights’ on confectionery marketplace.
According to «Bread + Bakery Products», a new Market Update from market intelligence provider , retail sales of bread and bakery products in the UK increased in value by 3,4 percent in 2013. This growth is impressive considering the long-term decline of bread consumption in the UK.
Sales in the U.S. of frozen and refrigerated cakes and pies declined as consumers begin to view them as indulgences and focus on fresh flavours, suggests Mintel research.
uergen Steinemann, CEO of Barry Callebaut, said: “I am satisfied with our third-quarter volume growth which was driven by the acquired cocoa business, emerging markets and our Gourmet business. As we continued to focus on increasing our product margins, we concentrated on selective growth in developed markets. While the cocoa powder market remains challenging, we are very satisfied with the integration of the acquired cocoa business.”
The record level of online sales over the holiday season has highlighted the fact that many consumers prefer to order their sweets, snacks and various other Christmas goodies online, rather than in-store.
Retailers that have invested in their websites and improved their delivery times have been the most popular among customers. According to retail guru and mobile payment entrepreneur Dan Wagner, main street retailers need to leverage online-style technologies in a converged multichannel model to survive.
TÜV SÜD’s Safety Gauge investigated product safety practices and consumer attitudes and experiences across consumer goods, electronics and food sectors in five markets. It found overwhelming consumer willingness to pay premiums for products meeting the strictest safety standards, as well as evidence that safety certifications influence purchasing decisions.
Cupcakes have gained momentum in the bakery department, with a sales increase of 56 percent in the last five years. While cupcakes hold the third highest dollar share within the cakes category (behind decorated cakes and dessert cakes), cupcake performance drove category growth in the 52 weeks ending May 26, 2012, with a 17.1 percent dollar sales increase compared to the previous year. Cupcakes also continue to gain dollar share within the cakes category, up 1.3 percent, while decorated cakes lost 1.4 share points.
?United Biscuits UK, a manufacturer of snacks, biscuits, and cakes, has revamped its trade website to offer independent retailers a wider range of tools and category advice to help them boost sales and profits.
Lantmännen reports a decline in its Unibake’s operating revenue for Q2 citing factors such as a drop in sales volumes for frozen bread operations in Germany, the UK and Denmark, coupled with negative currency effects.