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Cooking & Baking 2017

Cooking & Baking 2017

  • December 2017
  • 84 pages
  • ID: 5257679
  • Format: PDF
  • GlobalData
Up to $7740 off Until Dec 10th 2020

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Cooking & Baking 2017

Summary
Long-term trends such as a greater focus on healthy eating as well as the ever-growing popularity of home baking will benefit the cooking & baking market. However, the market is expected to decline by around 1.1% in 2017. This will come off the back of strong comparatives, following years of impressive growth, partially driven by The Great British Bake Off. The TV programme moved from BBC to Channel 4 this year, and as a result television ratings were down, dampening the demand in this category.

Retailers with a highly brand-led offer should focus on targeting these shoppers, using celebrities or food bloggers that are popular among this demographic to endorse their branded range. They should also ensure the brands they offer have strong appeal among these shoppers and should sell brands such as Tefal and Joseph Joseph which both offer innovative space-saving products. This will appeal to young shoppers who are more likely to live in small houses or flats, with limited kitchen storage available.

25-34 age groups had the highest percentage of shoppers stating that they had bought a branded cooking & baking item, at more than 63%.

Grocers such as Tesco and Sainsbury have doubled-down on efforts to improve the quality and style-credentials of their cooking & baking ranges, while remaining price competitive. For example, Tesco rejuvenated its Go Cook range and Sainsbury’s has invested in premium ranges such as its Sainsbury’s Collection cast iron and copper pots. Sainsbury’s is also improving shopper reach by rolling out Argos concessions in Sainsbury’s supermarkets and selling Sainsbury’s Home products through Argos.

The report "Cooking & Baking 2017", offers comprehensive insight and analysis of the cooking and baking market which includes: pots & pans, ovenware, baking accessories, baking utensils and bakeware. Furthermore, it provides in-depth analysis of the following: the key issues impacting the market, strategies for success, market sizes and forecasts to 2022, retailer profiles, retailer market shares and consumer shopping habits and spending motivations.

Companies mentioned in this report:Amazon, TK Maxx, Tesco, Sainsbury’s, Dunelm, ASDA, John Lewis, Lakeland, Wilko, Argos, Very.co.uk, Morrisons, IKEA, Home Bargains, Poundland, Jamie Oliver, JML, Kenwood, Le Creuset, Morphy Richards, Prestige, ProCook, Pyrex, Russell Hobbs, Tala, Tefal

Scope
- Ovenware is set to represent the weakest performing cooking and baking category over the next five years. Products such as roasting trays/dishes and oven trays tend to have longer replacement cycles, making it more difficult for retailers to entice demand.
- Expenditure on baking products is set to increase 10.5% over 2017-22. Expenditure growth in the category is being subdued amid rising maturity and the increasing influence of the discounters. While there are signs that the baking at home trend has peaked, this category should still benefit from relatively strong interest.
- The 25-34 age group had the highest percentage of shoppers stating that they had bought a branded cooking and baking item, at 63.8%. Retailers with a highly brand-led offer should focus on targeting these shoppers, using celebrities or food bloggers that are popular among this demographic to endorse their branded range.
- Nearly 90% of cooking and baking shoppers purchased an item instore while just over 30% bought a product online. This emphasises the importance of showcasing products well instore and online to inspire them to buy.

Reasons to buy
- Understand the major trends driving growth in the cooking and baking market such as the popularity of cooking from home and the impact of shows such as MasterChef and the Great British Bake Off on sales. Use this information to better communicate your cooking and baking offer to shoppers.
- Identify the extent to which own-brand and branded items are important to differing shopper demographics as well as the most popular brands in cooking and baking to inform buying decisions.
- Analyse the shares and growth rates of each retail channel in the market and the impact of the grocers improving their cooking and baking offers on the shares of specialists and department stores. Gain insight into how these players should compete.
- Discover the key motivations behind how consumers shop cooking and baking through our survey of 2,000 shoppers. Use this data to better target them and improve visitor to customer conversion.

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