Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Own-label food and drink NPD overtakes branded

28.05.2012 22:00 "Agro Perspectiva" (Kyiv) The proportion of own-label food and drink new product development (NPD) exceeded branded for the first time in the UK last year, according to market research firm Mintel. Can do: own-label brands will continue to prosper, said Mintel Reversing previous trends, own-label accounted for 54% of NPD, compared with 46% for brands last year. In 2010, brands held a 55% share of total NPD. Typically, the proportion of NPD within food and non-​alcoholic drinks has been higher for brands than for own-label. «The influence of private label products has never been stronger,» said Mintel. The power reflected the «… fraught economic climate and an ever-expanding range of high-quality own-label ranges offered at food retailers». About 57% of consumers believe own-label products have improved in taste and quality, while 52% prefer them to brands in some cases, according to the research. More than 80% of adults think own-label products provide value for money, compared with just 16% for brands. About 80% of shoppers buy own-label products, compared with 89% who buy branded goods. But the research revealed that up to 20% of those who buy branded products are set to buy less in the coming year. Consumer budgets Chris Wisson, senior food analyst at Mintel, said: "While there are signs that pressure on consumer budgets is slightly easing, 2012looks set to see the majority of adults remaining watchful and discerning when shopping. «Our research suggests that, on balance, consumers expect to buy more standard and value own-label foods while cutting back on brands.» Own-label food and drink sales reached £37bn last year, up by 24% since 2006. Over the same period, the wider market grew by 23%. The market for own-label is forecast to reach £46bn by 2016as recession-hit shoppers hunt for cost savings without compromising on quality. Only 6% of adults who currently buy economy own-label products told researchers they expect to reduce their usage in the coming year. But 18% of current users said they expected to buy more in the year ahead. Premium own-labels Premium own-labels have also fared well recently despite budgetary pressures and are bought by 71% of shoppers. About 27% of adults expected to buy more of these products this year while only 12% expected to cut purchases. «The progress of own-labels is such that over half (52%) of adults prefer the taste of own-label products to branded equivalents in some cases, suggesting that they are increasingly becoming brands in their own right,» said the Mintel researchers. Meanwhile, Panmure Gordon analysts Graham Jones and Damian McNeela forecast little improvement in tough UK trading conditions. Commenting on the prospects for Premier Foods today (May 23), they said: "Life for UK food producers remains difficult. «Costs have remained stubbornly high, consumers are seeing real incomes squeezed and retailers seem unable to kick the promotional habit.» http://www.foodmanufacture.co.uk/

Agro Perspectiva

< Cattle Outlook: Fed Cattle Prices Drop Slightly All news for
28.05.2012
UN "blueprint" promotes development of the green economy in Asia-Pacific >

04.10.2022  
20:05 World Bank improves forecast for growth of Ukrainian economy in 2023 to 3.3%
12:11 Tackling food loss and waste: A triple win opportunity
28.09.2022  
08:47 EBRD expects Ukraines economy to contract by nearly a third in 2022
27.09.2022  
15:48 Farmers sowed 961,000 hectares of winter rapeseed
13.09.2022  
07:03 China vegetable oil imports plunge in 2021/22 but forecast to recover in 2022/23
05:00 India Imposes Export Restrictions on Certain Types of Rice
08.09.2022  
16:43 Famine in Somalia projected, lives of millions of people are at immediate risk, UN says
05.09.2022  
19:00 Lower cereal production outlook underpins downward revisions for utilization and stocks in 2022/23
18:55 World food commodity prices dip for fifth month in a row in August
31.08.2022  
08:55 BASF and Corteva Agriscience collaborate to deliver the future of weed control to soybean farmers
29.08.2022  
23:37 Ukraine and Moldova abolish permits for intl cargo transportation from Sept
14:57 Chile: Walnut production estimates in 165,000 MT in 2022/23 MY
25.08.2022  
14:12 Prices for rapeseed (non-GMO) at the western border of Ukraine fell to the level of USD530-550/t
09:55 The supply of wheat on the market is increasing
09:45 With higher food prices and pressing needs, UN team in Algeria calls for support for Sahrawi Refugees
19.08.2022  
07:06 The FAO Dairy Price Index averaged 146.4 points in July, down 3.8 points (2.5 percent) from June
06.08.2022  
15:38 FAO Food Price Index registered a steep drop in July
03.08.2022  
15:55 BASF enters power agreements for clean energy supply of more than 20 BASF sites across the United States
13:22 FAO to boost soil nutrient mapping in Central America and sub-Saharan Africa $20 million contribution from U.S.A. will catalyze more efficient use of fertilizers
12:21 Europe and Central Asia: Promoting green agriculture to transform local agrifood systems
11:23 Ukraine: Canada contributes USD 40 million to cover 2.4 million tonnes of storage
29.07.2022  
16:55 South Africa Fresh Orange Production and Exports Climb Higher
26.07.2022  
11:28 BASF transforms market towards certified, sustainably sourced coconut oil
23.07.2022  
02:43 Black Sea grain exports deal a beacon of hope amid Ukraine war - Guterres
07.07.2022  
12:43 Russia illegally exports 150,000-170,000 tonnes of grain from Ukraine per month - Ukrainian Ambassador to Turkey
28.06.2022  
08:35 Export prices for milling wheat again fell slightly
27.06.2022  
09:50 No concrete agreements on holding talks with participation of Ukraine, Russia, Turkey, UN on grain export MFA
20.06.2022  
20:32 Coca-Cola to cease production and sales in Russia
14.06.2022  
16:27 Afghanistan: FAO and the World Bank step up their response to the worsening food security $195 million emergency project aims to provide critical life-saving and livelihood assistance to smallholder farmers
13:32 Ukraine calls on other countries to abandon export restrictions - trade representative
13.06.2022  
12:26 India bans wheat exports to ensure sufficient domestic food grain supply
03.06.2022  
10:28 Thailand Sugar Production and Exports Continue to Rebound
02.06.2022  
11:11 Global rapeseed supplies in 2022/23 are projected to a record 100.5 MMT
31.05.2022  
12:51 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
24.05.2022  
09:05 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
17.05.2022  
15:00 Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
10:49 2021/22 Indonesia Palm Oil Exports Slashed
16.05.2022  
15:45 Astarta Completed Spring Planting 2022
15.05.2022  
16:37 2022/23 Grain Consumption Exceeds Production, Stocks Tighten
11.05.2022  
14:31 EBRD to play key role in support of Ukraine, President says
09.05.2022  
11:15 Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim
29.04.2022  
14:03 BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices
28.04.2022  
17:52 EU takes steps to suspend all duties on imports from Ukraine
16:27 BASF to wind down activities in Russia and Belarus except for business that supports food production
27.04.2022  
13:54 EBRD enhances trade finance for Ukraine
09:11 Coca-Cola will provide assistance to Ukraine for up to $15 mln
26.04.2022  
20:35 Indonesia. Despite the expected increase in production, imports of raw sugar are also forecast to increase
19:43 Australia is expected to produce another big grain crop in MY 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22
21.04.2022  
10:15 The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity
16.04.2022  
16:25 WFP appeals for access to encircled cities in Ukraine

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2022 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com