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uk food and drink sales resist recession pressures (so far)
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while the recession bites in the uk, and consumers tighten their belts, food and drink retail sales were up 5.1 per cent, on a like-for-like basis from january 2008. according to a new report from the british retail consortium, non-food items are down on last year, but food has bucked the trend and recorded a year-on-year increase. joanne denney-finch, chief executive of market analyst igd, said: “food and drink is holding up well, suggesting an industry that is recession-resistant. it is also highly adaptable and very much in tune with its shoppers, tailoring product offers to their changing needs. denney-finch added that consumers are increasingly price sensitive, however, noting that consumer research had shown that 36 per cent of shoppers cite price as a main driver of product choice. this is up from 29 per cent last year. “but while they are shopping around for the best value, they are not, in general, letting the recession get in the way of enjoying the high standard of food and drink they consume at home,” added denney-finch. while many food stuffs, ranging from bananas to chocolate, are branding themselves ‘recession-proof’, the igd data showed that ethical shopping continues to resist the downturn. “support for ethical shopping - for example free-range, fairtrade and local foods - continues to grow. animal welfare, in particular, is high on shoppers’ agendas with one in five (20 per cent) looking for high standards, compared with one in eight (13 per cent) a year ago,” said denney-finch. frozen foods showing hot potential data from tns worldpanel last month showed signs of revival for the frozen foods market, with indications that consumers are switching back from higher-priced chilled foods to frozen alternatives in order to save costs and reduce waste. a steady increase in the growth rate for the uk frozen food sector over the past year was reported, with increases of 3.1 per cent 12 months ago, to 4.2 per cent in march, to 4.6 per cent in june, to 5.0 per cent in september. the latest data, from november 30th, valued the market at £4.867bn (c €5.38bn at january exchange rates) and put growth at 5.8 per cent. brian young, director-general of the british frozen food federation (bfff), told foodnavigator.com last month that this boom is directly linked to the recession: “the underlying reason is value.”
Source :Food Ingredients Food Science - Additives, Flavours, Starch
Date :
11
February
2009
Category :
Standard Sand Certificates
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researchers in the united states have developed a chemical derived from sugar with the potential to replace bisphenol a (bpa) in a number of products, including the lining of food cans. the new jersey institute of technology (njit) said professor michael jaffe had received a us patent for an epoxy resin based on isosorbide diglycidyl ether that could make consumer products safer.
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bisphenol a (bpa) is living on borrowed time. and not just in the united states but now in europe too where mounting consumer hostility and scientific concern over its safety have combined to push the chemical towards the point of no return. just a few months ago, it seemed the storm of anxiety surrounding bpa was a north american phenomenon, with canada and a bevy of us states introducing bans on the substance used in polycarbonate bottles and epoxy food can linings.
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a raft of experts and charities have today urged the uk government to ban bisphenol a (bpa) in baby bottles because of “compelling scientific evidence” linking it to cancer and other chronic conditions. launching the campaign, breast cancer uk said the weight of research raised clear concerns about bpa. the call has been backed by a number of scientists and charities, including the nct (formerly national childbirth trust), the cancer prevention and education society and chem trust.
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there is no question that demand for healthy food is growing across most developed economies and a new survey has sought to find out just what consumers perceive to be healthy. the health and wellness boom, as it has been dubbed, has reportedly not been derailed by the global financial crisis, with opportunities still in high supply. according to the new international food information council (ific) functionalfoods/foods for health consumer trending survey, carried out in the us, eighty-nine per cent agree that certain foods have benefits that go beyond basic nutrition, and may reduce the risk of disease or other health concerns - a significant increase from just two years ago.
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the adoption of 44 new and amended food safety standards by the codex alimentarius commission signals the coming changes that member countries will make to their legislation over the next year. at a six-day meeting that ended last friday in rome, the international food safety body also established a comprehensive set of risk analysis principles to help governments establish their own standards, especially for food items that are not covered by codex.
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representatives from the uk organic sector have today urged the uk environment minister david miliband not to allow organic food to be contaminated by genetically modified organisms (gmos). a delegation representing 70 organic businesses urged miliband not to increase the current threshold for gm contamination of organic food from 0.1 per cent to 0.9 per cent.
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indian makers of fast moving consumer goods (fmcg) posted mixed results for the past quarter, but all face a similarly daunting future: nearly stagnant demand for many products, with any rise in profit coming primarily from cost cutting, according to a reuters report. the sector, which makes products for daily use such as soaps, shampoos, toothpaste and food items, is rife with discounting.to cope, companies like giant hindustan lever, india\'s largest company by market value, itc, the nation\'s largest cigarette maker, and nestle india are spending heavily on advertising to stimulate sales, putting further pressure on bottom lines.
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food manufacturers are being warned that they need to spend money on tracing where ingredients come from before the commercial release of genetically modified foods is allowed. dr lyn davies, a marketing specialist with agriquality new zealand, issued some strong warnings when she addressed food industry representatives at a gm summit in wellington. davies told representatives that a strict traceability systems for food items could be the key to ensuring there is always a market for new zealand food.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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the 