Research and Markets: United Kingdom Cooking & Eating Habits Market Report 2015
05 March 2015 - 8:49PM
Business Wire
Research and Markets
(http://www.researchandmarkets.com/research/tf8wnd/cooking_and) has
announced the addition of the "Cooking & Eating Habits Market
Report 2015" report to their offering.
Cooking and eating habits in the UK have changed significantly
over the past few decades, with lifestyle changes, migration,
changes to household structure, food safety issues, the economy,
environmental and ethical issues, and the rise of online shopping
all representing key factors in consumers' food choices. Most
poignant, however, has been the shift away from traditional cooking
and eating habits in recent decades, with busier lifestyles, a rise
in working households and an increase in smaller households leading
to less formal meal times and increasingly disparate family eating
occasions.
The poor economic environment within the UK has also had a
significant impact on consumers' food choices in recent years, with
household budgets continuing to remain squeezed since the recession
as a result of stagnant wage growth, welfare reforms and high
inflation, which has led to the onset of a living costs crisis for
many consumers of late. Consequently, a rising number of consumers
have opted to trade down when shopping for groceries, with discount
supermarket chains, such as Lidl and Aldi, continuing to reap the
benefits of this new found demand for food bargains.
However, the continued popularity of low-cost food products has
had a resounding impact on the structure of the UK grocery market,
with the big four' continuing to lose market share discounters in
recent years. However, the success of the low-cost chains could
soon be stopped in its tracks, with several major retailers,
including Tesco, ASDA and Sainsbury's, all announcing major plans
to invest in reducing prices across their own-brand and branded
product lines in 2015.
At the same time, ongoing food deflation - which was first
observed towards the end of 2014 - as well as a contraction in oil
prices and stronger wage growth, is likely to result in more
prosperous grocery shoppers over the next few years. This, in turn,
is likely to lead to increased spending on premium food products,
as well as on branded goods. Renewed consumer confidence, along
with a more positive economic outlook and more flexible household
budgets, is also likely to result in a resurgence in the eating out
sector, with the restaurants market - which has continued to
observe flat growth in recent years - forecast to rise by 5.7%
between 2015 and 2019.
Key Topics Covered:
1. Foreword
2. Introduction and Definition
3. Executive Summary
4. What's KEY in the Market?
5. Market Size, Segmentation and Forecasts
6. Growth Markets
7. Cooking and Eating Trends
8. International Perspective
9. Competitor Analysis
10. Consumer Dynamics
11. PESTEL
12. Further Sources
13. Understanding Consumer Survey Data
Companies Mentioned
- ASDA Group Ltd
- Greene King PLC
- J Sainsbury PLC
- JD Wetherspoon PLC
- McDonald's Restaurants Ltd
- Mitchells and Butlers PLC
- Tesco PLC
- WM Morrison Supermarkets PLC
For more information visit
http://www.researchandmarkets.com/research/tf8wnd/cooking_and
Research and MarketsLaura Wood, Senior
Managerpress@researchandmarkets.comFor E.S.T Office Hours Call
1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT
Office Hours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside
U.S.): +353-1-481-1716Sector: Food, Food Service, Supermarkets