Research and Markets: Sweet & Salty Snacks Market Assessment 2009
* Reuters is not responsible for the content in this press release.
DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/b654ce/sweet_salty_snac) has announced the addition of the "Sweet & Salty Snacks Market Assessment 2009" report to their offering. Despite the big issue in foods being healthier eating and the perception that most salty and sweet snacks contain relatively high levels of fat, salt or sugar, all of the snack market sectors covered in this report grew in value in the year ending 9th August 2008. The strongest growth was achieved by cereal bars, followed by chocolate biscuit bars and potato crisps; in the case of the latter two sectors, this was after periods of static or declining sales. Growth can in part be attributed to the development and promotional work carried out by manufacturers such as Walkers and United Biscuits UK (UBUK) in salty snacks in reducing levels of fat and salt in their crisps and other bagged savoury snacks. It is also due to Kellogg's, Weetabix, UBUK and others with their lower-fat and reduced-sugar brands of cereal bars. Development work has been principally noticeable in salty snacks, where the use of new cooking oils, baking rather than frying processes and perceived healthier raw materials in rice and corn and wholegrain/multi-grain snacks have helped to improve their image. Value growth in the salty snacks market has also been due to the success of premium potato crisps and the small premium market for crisps made from other vegetables such as parsnip, beetroot, carrot or sweet potato. Premium crisps are notably made by Kettle Foods and also by a number of other small companies, such as Tyrrells and Jonathan Crisp. There have been few such significant developments in the chocolate countline, chocolate biscuit bar and cake bar sectors, although manufacturers have, in some cases, been quietly reducing the size of chocolate bars (not covered in this report) and countlines in accordance with government efforts to reduce consumption. Most branded products within countlines, chocolate biscuit bars and cake bars are decidedly mature and any market growth principally arises from price increases. The salty and sweet snacks market is also sustained by factors other than developments towards healthier products and the rise of premium-priced brands. These include traditional and trusted breakfast cereal brands being extended into cereal bars, and chocolate and countline brands into chocolate biscuit bars and cake bars. In addition, the large proportion of women in the population having part- or full-time jobs ensures that many children have snacks in their school lunchboxes - and many adults take snacks to work. However, the increasing turmoil in the financial markets has led to actual and further threatened declines in disposable income. This would be expected to adversely affect discretionary food items such as snacks in the immediate future. However, it has proved a benefit to the discounter grocery retailers such as Aldi and Lidl, the small market shares of which have shown relatively sizeable increases since the beginning of 2008. We forecast that the market for salty snacks will grow by 7.3% in value between the years ending August 2009 and 2013 and by 7.8% for sweet snacks. The total market is predicted to increase by 7.5%. Key Topics Covered: * Executive Summary * 1. Introduction * 2. Strategic Overview * 3. The Market in Detail * 4. Advertising and Labelling * 5. Distribution * 6. An International Perspective * 7. PEST Analysis * 8. Consumer Dynamics * 9. Manufacturers and Suppliers * 10. The Future * 11. Further Sources For more information visit http://www.researchandmarkets.com/research/b654ce/sweet_salty_snac Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters