LONDON – Spending on
in-home food in the United Kingdom is expected to soar 18% over the next five
years, according to Mintel, FoodNavigator.com reports. Non-alcoholic beverage
spending will rise 25% during the same time period.
“Food is one essential
that people are really unlikely to cut back on,” said Alex Beckett, a senior
food analyst at Mintel. “But that isn’t to say that manufacturers have been
resting on their laurels during this time. The rate of innovation has been
exciting.”
Sales of home baking foods
have jumped 84% since 2008 and totaled £410 million last year. “Home baking has
been interesting to observe,” Beckett said. “It is a form of leisure activity
now, buoyed along by television.”
However, baked goods and
bread sales rose a paltry 1.5%. “Cakes and cake bars are not enough of an
affordable treat. They lack the functional appeal or health appeal of cereal
bars, … which have had rocketing performance over the past two years. I think
they are really succeeding with cutting into this area of permissible
treating,” he said.
Nuts, crisps (chips) and
other salty snacks increased 29% since 2008, reaching sales of £3.3 billion in
sales. In the United Kingdom, the unflavored nut category is ruled by private
label brands.