Cooking and Baking

Published: September 2016
No. of Pages: 86
    ReportsandReports

Summary

The cooking and baking market grew by 2.4% in 2015, outperforming the overall homewares market. Growth however is forecast to slow in 2016 due to weakening consumer confidence and economic instability following the Brexit vote - with shoppers delaying purchases in discretionary categories such as homewares.

Key Findings

  • Depth and breadth of product ranges and a widely accessible offer sees Asda retain its leading position in the cooking and baking market in 2016. Its share however has stagnated due to a decline in food and grocery footfall at larger format stores limiting share growth in cooking and baking.
  • The growth of discounters has intensified the value end of the cooking and baking market, causing Wilko to lose market share in 2016. The aggressive expansion and the broadening of kitchenware propositions at the likes of BandM and Home Bargains will make it a challenge for Wilko to regain market share in the coming years.
  • Replacement overwhelmingly drives purchases in cooking and baking, and has been cited by 78.9% of consumers. Other factors such as desiring a new look (33.6%) or impulse (24.8%) are low drivers compared to replacement, and although pertinent to all the product categories, replacement is especially relevant in pans.

Synopsis

Cooking and Baking 2016 is part of Verdict Retail's Home Retail Series of report, which provides expert insight into the cooking and baking market, with forecasts of values and volumes up to 2021. It delivers deep quantitative and qualitative insight into the UK market, analysing key trends in the market based consumer data from Verdict Retail's survey.

It provides in-depth analysis of the following:

  • Key issues and strategies for success within the cooking and baking market in the UK
  • Market size and forecast; a look at the total market size and forecast size for the cooking and baking market in the UK.
  • Retailer profiles; a detailed look at the dominant players including market shares and outlooks.
  • Consumer data: a detailed look at what, how and where people are buying cooking and baking products.

Reasons To Buy

  • This HRS Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the Cooking and Baking market based on insights from Verdict's bespoke consumer survey and analyst insight.
  • The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
  • The broad but detailed perspective will help manufacturers and retailers to understand the opportunities within the Cooking and Baking market.

Companies Mentioned

  • Wilko
  • Sainsbury's
  • Lakeland
  • Tesco
  • IKEA
  • Asda
  • John Lewis
  • BandM
  • Poundland
  • Amazon
  • Argos

Published By: Verdict
Product Code: Verdict670


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Home Retail Series: Laundry & Cleaning

    Summary The laundry & cleaning market is expected to grow 1.6% in 2016, the highest rise in over five years. With growth heavily reliant on replacement purchases and sales of everyday household essentials, the market has been relatively stable, ...

  • Click and Collect in the UK

    Summary Click and collect is forecast to grow by 64% between 2016 and 2021, driven by the clothing and footwear sector (growth of 85%) as increasingly time poor consumers are looking to reduce time spent shopping. Although a relatively small part...

  • Outdoor Eating

    Summary Growth in the outdoor eating market has slowed to 0.4% in 2016 (from 3.1% in 2015) but is set to recover, to 0.8%, in 2017. The outdoor eating category is continuing to grow and is expected to increase c.£4m by 2021. A shift in mentali...

  • Retailing in the Philippines- Market Summary & Forecasts

    Summary The Philippines' retail sector is expected to witness healthy growth over the next five years, backed by improving economic conditions, government efforts to boost domestic consumption, relatively low inflation levels, and increasing disposa...

  • Online Pureplays in UK Clothing and Footwear

    Summary The UK online clothing and footwear pureplay market will grow by £2.5bn in the five years to 2021, reaching a 9.8% share of the total clothing and footwear market. Growth via pureplays will be driven by more regular online purchasing, ...

  • Retailing in South Korea- Market Summary and Forecasts to 2020

    Summary South Korea's retail sector is expected to witness healthy growth over the next five years, backed by improving economic conditions, government efforts to boost domestic consumption, relatively low inflation levels, and increasing disposable...

  • Retailing in Thailand- Market Summary and Forecasts

    Summary The Thai retail market recorded a CAGR of 3.2% over the past five years despite economy slowdown and political instability. It is expected to grow at a CAGR of 3.7% in 2015-2020 driven by increasing consumer spending, rising tourism, and a g...

  • Department Stores in Germany 2016-2020

    The retail industry can be divided into two broad segments on the basis of the channel of operation: brick-and-mortar retail format (or, store-based retail formats/offline retail format), and online retail format. Online retail is a part of B2C e-com...

  • Economic and Retail Update H2 2016

    Summary In the aftermath of the shock win for leave in the UK's referendum on EU membership, there has been considerable uncertainty over the short- and long-term impacts on the UK economy. This report provides an overview of the impact Brexit has h...

  • Outdoor Structures

    Summary Growth in outdoor structures has slowed to 1.0% in 2016 and is set to slow further up to 2021. Demand for major purchases such as sheds has dropped, while other categories have slowed as a result of less favorable weather and smaller outdoor...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: