DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rfxswv/canned_foods) has announced the addition of the "Canned Foods Market Report Plus 2014" report to their offering.
This Market Report Plus focuses on the UK canned foods market. The industry is broken down into eight sectors, of which vegetables is the largest in value terms. The authors find that the industry grew in value between 2009 and 2013, but attributes much of this growth to rising input costs and volatile commodity prices.
Canned foods have been a staple in most kitchens for decades, and celebrated their 200th anniversary in 2013, yet the market is in long-term decline. Although their reliable image and relatively low price tags have traditionally meant that canned goods profit from economic crisis, the current ongoing economic instability does not appear to have favoured the industry this time around.
One explanation for this is that canned products have been a victim of the luxury night in' trend, which has seen customers save money by staying in, while making up for it by purchasing luxury food and drink. This has gone hand-in-hand with the success of offers such as dine-in-for-two' from Marks & Spencer (M&S). It has been difficult for canned goods to compete with this kind of offer. Other challenges to the sector include the growing popularity of alternative long-life packaging, such as pouches, jars and cartons. Fears about the implications of exposure to Bisphenol-A (BPA), a chemical compound found in cans, have caused some consumers to turn away from cans. Shoppers are also favouring frozen and chilled products, perceiving them to offer better quality and palatability than cans.
Certain sectors within the industry have performed better than others vegetables and fish have been able to profit to an extent from the growing focus on healthy eating, whereas canned cooking sauces and desserts are being passed over by consumers. Canned soups offer a cheap, convenient lunchtime option, and as such enjoy a firmer hold on the market than other sector categories.
Canned foods still have a lot to offer, despite the above-mentioned challenges. Cans are convenient, they are often the cheapest option and, perhaps most importantly, they are rarely beaten when it comes to shelf life. According to the Metal Packaging Manufacturers Association (MPMA), 15 billion cans are sold in the UK every year. The authors predict relatively modest growth for this industry, with rising costs representing much of the added value by the end of the forecast period in 2018.
Key Topics Covered:
Strengths, Weaknesses, Opportunities and Threats
The Global Market
- Baxters Food Group Ltd
- General Mills UK Ltd
- HJ Heinz Manufacturing UK Ltd
- IFC Holdings Ltd
- John West Foods Ltd
- Nutfield Holdings Ltd.
- Petty Wood & Co Ltd
- Princes Ltd
- Tulip Ltd.
For more information visit http://www.researchandmarkets.com/research/rfxswv/canned_foods
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