| Executive Summary
This Key Note Market Report Plus examines the UK canned foods market. Following relatively strong sales growth in 2004 and 2005 — spurred by a wave of innovation and new product development (NPD) — growth in the market slowed in 2006 and 2007. In 2008, sales jumped strongly in value terms, fuelled by steep food price inflation and increases in the price of tins.
The canned foods market is divided into eight main sectors: vegetables, fish, soup, meat, fruit, pasta, desserts and cooking sauces. Canned vegetables was the largest sector in 2008 with retail sales of £629m, representing a 29.1% share of the total market. With the exception of fruit and cooking sauces, most sectors experienced growth in value terms between 2004 and 2008, whereas, in volume terms, sales declined in every sector (although volume sales of baked beans, a category within the canned vegetables sector, increased over this period). Some suppliers have claimed that the recession has had a very positive effect on the canned foods market as it has prompted consumers to stock up on less expensive goods. However, in fact, the recession has simply slowed the overall decline in volume sales rather than spurred an increase.
The UK canned foods market is dominated by multinational companies with strong brands and immense buying power; therefore, it is very difficult for new companies to enter the market. Major companies in the UK include Heinz, Princes (part of Japan-based Mitsubishi) and Del Monte. Unlike other areas of the food industry, few specialist niche players have been attracted to the canned foods market. This may be because the barriers to entry are so high, or simply because the market is perceived to be in long-term decline.
In May 2009, Key Note commissioned a NEMS Market Research survey to assess consumer attitudes towards canned foods. The survey produced some surprising findings, notably that the recession may not have had as big an impact on the market as some suppliers are claiming, as only 7.4% of respondents cited good value as the main reason for purchasing canned foods. However, the survey did confirm the importance of convenience to canned food purchasers, with nearly six out of ten adults buying the products for this reason.
Key Note forecasts that the canned foods market will experience relatively rapid growth in value terms over the 5 years to 2013, and will increase by 49.7% between 2004 and 2013. In 2009, growth is likely to be propelled by the recession as the volume decline slows, and high unemployment will continue to support volume sales in 2010. Thereafter, buoyant commodity prices are likely to be the main factor behind the value growth of the market. However, some areas of the market, such as canned fruit and cooking sauces, are likely to see declines towards the end of the forecast period, as consumers trade up to alternatively packaged products.
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Tabel of Contents:
Foreword
Hot Points
Executive Summary
Market Definition
REPORT COVERAGE
MARKET SECTORS
MARKET TRENDS
The Recession
The Environment
Convenience and Snack Foods
Health Concerns
ECONOMIC TRENDS
Population
Gross Domestic Product
Inflation
Unemployment
Household Disposable Income
MARKET POSITION
The UK
Overseas
Market Size
THE TOTAL MARKET
BY MARKET SECTOR
Vegetables
Fish
Soup
Meat
Fruit
Pasta
Desserts
Cooking Sauces
OVERSEAS TRADE
Industry Background
RECENT HISTORY
NUMBER OF COMPANIES
REGIONAL VARIATIONS IN THE MARKETPLACE
DISTRIBUTION
HOW ROBUST IS THE MARKET?
LEGISLATION
Food Safety Act 1990
Food Labelling Regulations 1996
Food Standards Act 1999
KEY TRADE ASSOCIATIONS
Canned Food UK
The Food Processors Association
Competitor Analysis
THE MARKETPLACE
MARKET LEADERS
Baxters Food Group Ltd
Del Monte (UK) Ltd
Glenryck Foods Ltd
HJ Heinz Company Ltd
John West Foods Ltd
Petty, Wood and Co Ltd
Premier Foods PLC
Princes Ltd
Tulip Ltd
OTHER COMPANIES
Simpsons Ready Foods Ltd
Westler Foods
OUTSIDE SUPPLIERS
MARKETING ACTIVITY
Main Media Advertising
Exhibitions and Trade Shows
Brand Strategy
INTRODUCTION
RESEARCH FINDINGS
Convenience
Value
Flavour
Health
COMPANIES' BRANDS
Vegetables
Fish
Soup
Meat
Fruit
Pasta
Desserts
Cooking Sauces
Strengths, Weaknesses, Opportunities and Threats
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
Buying Behaviour
CONSUMER PENETRATION
Baked Beans
Soup
Current Issues
GLOBAL ECONOMY
[(c)Tin Prices Increase Costs for Canned Food Manufacturers
ENVIRONMENTAL ISSUES
Tuna May Disappear from the Mediterranean
HEALTH ISSUES
Health Benefits of Omega 3 in Dispute
UK Children Reluctant to Eat Tinned Mackerel
The Global Market
TOTAL MARKET SIZE
EUROPE
THE US
THE PEOPLE'S REPUBLIC OF CHINA
Forecasts
INTRODUCTION
THE ECONOMY
Demographics
FORECASTS 2009 TO 2013
MARKET GROWTH
FUTURE TRENDS
New Product Development
Company Profiles
INTRODUCTION
DEFINITIONS
Turnover (Sales)
Pre-Tax Profits
Profit Margin
Average Remuneration
Sales per Employee
FURTHER INFORMATION
BAXTERS FOOD GROUP LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
DEL MONTE (UK) LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
GLENRYCK FOODS LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
HJ HEINZ COMPANY LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
JOHN WEST FOODS LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
PETTY, WOOD and CO LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
PREMIER FOODS PLC
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
PRINCES LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Codes
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
TULIP LTD
Previous Name(s) and Date(s) of Change
Principal Activities
SIC Code
Structure
Brand Information
Recent Developments
FINANCIAL PROFILE
Sales
Profits
Employees
Balance Sheet/Ratios
Company Financials
Further Sources
Associations
Publications
General Sources
Government Sources
Other Sources
Key Note Sources
Key Note Ltd
Canned Foods Plus
MARKET DEFINITION
FACTORS AFFECTING THE MARKET
MARKET TRENDS
THE FUTURE
Understanding TGI Data
Number, Profile, Penetration
Social Grade
Standard Region
Key Note Research
The Key Note Range of Reports
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