DALLAS, February 11, 2015 /PRNewswire/ --
The Future of the Syrups and Spreads Market in the United Kingdom to 2018 report says this industry is currently dominated by jam and honey spreads while chocolate spreads are forecast to grow by 35% up to 2018. This is a 95 pages research report available with MarketReportsOnline.com.
This research on The Future of the Syrups and Spreads Market in the United Kingdom to 2018 says that honey sales will reach close to a quarter of a billion dollars by 2018. Over the coming years, the syrups and spreads market is expected to grow by 22.5% in the UK, reaching $960 million by 2018. Almost half of this growth is due to good sales in jam and honey. Consumers across all age groups use jam and honey as a quick snack. Honey not only tastes great, but also has many health benefits such as boosting the immune system and fighting bacteria. Complete report is available at http://www.marketreportsonline.com/357126.html .
Private label boosts chocolate spreads market
However, this research expects chocolate spreads to show the greatest level of growth at 35% between 2013 and 2018. Honey follows closely with a growth rate of 31.3%, while jam is expected to only grow by 12%. Chocolate spreads are growing due to an increasing number of private label brands competing alongside the likes of Nutella. This has seen prices fall, making consumption more affordable. With the introduction of private label and supermarket brands, consumers are able to switch easily, without compromising on taste or quality.
Older consumers show their sweet tooth
Consumers aged 55+ are driving the syrups and spreads market. In jams, jellies and preserves for instance, tweens and early teens make up only 12% of the market compared to older consumers, who account for 37%. According to this report on UK syrups and spreads market, the new-found love of chocolate spreads among older consumers is due to changing age structures. Chocolate and nut-based spreads have long been associated with teenagers and young adults. However, an increasing number of older consumers are enjoying products such as Nutella, as they look to indulge in tasty treats more traditionally targeted at children.
The Future of the Syrups and Spreads Market in the United Kingdom to 2018 report is available with MarketReportsOnline.com at multiple pricing options of $875 (single user), $1750 (site license) and $2625 (enterprise license). Order a copy of this research at http://www.marketreportsonline.com/contacts/purchase.php?name=357126 .
This report provides authoritative and granular data on the Syrups & Spreads market in the United Kingdom and, in doing so fills the gaps in marketers' understanding of trends and the components of change behind them. The report presents detailed analysis on the Syrups & Spreads consumption trends in the United Kingdom, historic and forecast Syrups & Spreads consumption volumes and values at market and category level, brand share and distribution channel data. This allows domestic and foreign companies to identify the market dynamics to account for Syrups & Spreads sales overall and to know which categories and segments are showing growth in the coming years.
Based upon extensive primary and secondary research to provide comprehensive and granular data, this report allows marketers to confidently update their strategic and tactical plans. Marketers need data on volume and value changes, brand dynamics and distribution trends in order to effectively plan strategies. This report examines the components of change in the market by looking at historic and future growth patterns, including the effects of consumers' behavior on total volumes, values, brands selected and types of product chosen. The report provides the latest, detailed data on dynamics in the United Kingdom Syrups & Spreads market, providing marketers with the essential data to understand their own, and their competitors' position in the market and the information to accurately identify where to compete in the future.
Detailed category coverage is provided, covering Five product segments that include: Jams; Jellies & Preserves, Molasses, Savory Spreads, Sweet Spreads and Syrups.
Detailed product sales segmentation (for both volumes and values) is provided, including brand data, and sales by distribution channel, at the product category level.
Future forecasts allow marketers to understand the future pattern of market trends from winners and losers to category dynamics and thereby quickly and easily identify the key areas in which they want to compete in the future.
Explore more food and beverages market reports as well as newly published research on other industries in United Kingdom at http://www.marketreportsonline.com/cnt/united-kingdom-market-research.html .
MarketReportsOnline.com is a database of selected syndicated market reports for global and regional industries including but not limited to life sciences, information technology & telecommunications, consumer goods, food and beverages, energy and power, automotive and transportation, manufacturing and construction, materials and chemicals, public sector as well as business and financial services. We provide 24/7 online and offline support to our customers.
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