Ingredients for cooking and eating in the UK: Declining budgets lead to steady growth in meal kits

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Dublin, January 24, 2024 (GLOBE NEWSWIRE) — “Ingredients & Meals for Cooking in the UK” has been added to the ResearchAndMarkets. com offering.

Extensive industry studies shed light on the driving forces shaping the UK’s kitchen and meal ingredients landscape. The lingering effect of the 2022 inflationary wave, exacerbated by Russia’s ongoing invasion of Ukraine, has led to continued economic pressures. In addition, the cooking of ingredients and foods is facing the consequences of climate change, adding excessive temperatures, which are affecting food production and origin chains. The Cooking Ingredients and Meals in United Kingdom report provides in-depth knowledge of the market nationally, offering local insights and understanding not only in addition to the most recent retail sales data from 2018-2022, identifies the most sensible companies, brands, and outlets, and assesses key demographic trends and changes driving customer demand and sales growth.

How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2027, clearly indicating how the market is expected to change.Product coverage: Edible Oils, Meals and Soups, Sauces, Dips and Condiments, Sweet Spreads.Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.Key report benefits

Get detailed market information for cooking and eating ingredients;

Pinpoint growth sectors and identify factors driving change;

Understand the competitive environment, the market’s major players and leading brands;

Use five-year forecasts to assess the expected evolution of the market.

Key Topics Covered: EXECUTIVE SUMMARY

Cooking Ingredients & Meals in 2023: Overview

Key in 2023

Competitive landscape

Channel Developments

What are there for cooking ingredients and meals?

EDIBLE OILS IN THE UK: KEY DATA PREVIEWS IN 2023

Unit costs persist, leading to movements between categories

Continuous substitution and percentage of label development.

Increased popularity of various product formats, including spray bottles

PROSPECTS AND OPPORTUNITIES

Extreme Weather, Climate Change, and Implications for Edible Oils

Other edible oils are expected to experience resilience and a varied product offering.

Sustainability of Expected Progress

MEALS AND SOUPS IN THE UK: KEY DATA PREVIEWS IN 2023

Inflation pushes value growth, and delay of HFSS prevents further volume decline

New restaurant developments and drive for innovation

Declining budgets are causing a stabilization in the expansion of meal kits, while prepared foods are seeing an improvement as consumers return to busier lifestyles.

PROSPECTS AND OPPORTUNITIES

Health and wellness in food and plant-based innovation in soups are expected to drive growth.

Frozen and quality changes.

Convenience trend likely to boost quick recipe kits, and plant-based ready meals set to see growth

SAUCES, DIPS AND CONDIMENTS IN THE UNITED KINGDOM KEY DATA RESULTS EVOLUTION IN 2023

Steep unit price rises and supply chain challenges persist

Shrinkflation and others undertaken through corporations to offset emerging costs

A call for innovation and versatility motivated through fragrances

PROSPECTS AND OPPORTUNITIES

Increasing Priority in and Wellness

Exciting sauce to satisfy the palate of converted customers

Focus on the premiumization of pasta sauces

DIFFERENT SWEETS IN THE UK: KEY DATA RESULTS FOR 2023

Continued fluctuations in prices of key ingredients in sweet spreads

Private label gains in honey and chocolate spreads

Innovation in non-traditional flavours and plant-based alternatives

PROSPECTS AND OPPORTUNITIES

Healthier variants are more likely to bounce back, with continued demand for fitness degrees

New sizes and textures for versatility.

Increase in sustainably sourced ingredients.

For more information about this report visit https://www.researchandmarkets.com/r/2szcn4Source: Euromonitor International

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