Meat is an integral part of the UK diet, consistently accounting for nearly a quarter of total household expenditure on food, according to National Statistics.
April 14, 2007 (Press Release) --
Meat & Meat Products Market Report 2006
Executive Summary
Meat is an integral part of the UK diet, consistently accounting for nearly a quarter of total household expenditure on food, according to National Statistics. In 2005, consumers spent £13.66bn on meat and meat products — more than on any other category of food except for fruit and vegetables.
Total sales of meat and meat products increased between 2001 and 2005, driven by various factors, including recovering consumer confidence in meat. Added-value products (including ready meals, as well as flavoured meats and other convenience foods) showed the strongest growth, with sales increasing both in absolute terms and as a proportion of the total market. These products have been promoted heavily by the supermarkets, since they tend to offer high margins, and they have proved popular among consumers.
The meat-processing industry is becoming increasingly concentrated. Merger and acquisition (M&A) activity has intensified over the past decade as a result of the BSE (bovine spongiform encephalopathy) crisis of the mid-1990s and the foot-and-mouth outbreak of 2001, both of which forced some processors out of business and raised costs as a result of the introduction of new regulations covering the processing of meat. Low-cost imports from overseas suppliers and the intensely competitive nature of grocery retailing in the UK are also spurring the consolidation process.
The major supermarkets dominate the sale of fresh and frozen meat, accounting for around 82% of sales in 2005. These retailers are increasingly focusing on supplying premium products — a development that reflects growing concern among consumers about the source of their food and issues such as animal welfare. The supermarkets are particularly dominant in the sale of prepacked or prepared meat. Butchers tend to offer only a small range of these products (if they offer any at all), partly because of a lack of space.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=25103
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You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
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Executive Summary
Meat is an integral part of the UK diet, consistently accounting for nearly a quarter of total household expenditure on food, according to National Statistics. In 2005, consumers spent £13.66bn on meat and meat products — more than on any other category of food except for fruit and vegetables.
Total sales of meat and meat products increased between 2001 and 2005, driven by various factors, including recovering consumer confidence in meat. Added-value products (including ready meals, as well as flavoured meats and other convenience foods) showed the strongest growth, with sales increasing both in absolute terms and as a proportion of the total market. These products have been promoted heavily by the supermarkets, since they tend to offer high margins, and they have proved popular among consumers.
The meat-processing industry is becoming increasingly concentrated. Merger and acquisition (M&A) activity has intensified over the past decade as a result of the BSE (bovine spongiform encephalopathy) crisis of the mid-1990s and the foot-and-mouth outbreak of 2001, both of which forced some processors out of business and raised costs as a result of the introduction of new regulations covering the processing of meat. Low-cost imports from overseas suppliers and the intensely competitive nature of grocery retailing in the UK are also spurring the consolidation process.
The major supermarkets dominate the sale of fresh and frozen meat, accounting for around 82% of sales in 2005. These retailers are increasingly focusing on supplying premium products — a development that reflects growing concern among consumers about the source of their food and issues such as animal welfare. The supermarkets are particularly dominant in the sale of prepacked or prepared meat. Butchers tend to offer only a small range of these products (if they offer any at all), partly because of a lack of space.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=25103
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/gener
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