Retailers, consumers and prices
While Cadbury’s fate remains foggy, one piece of chocolate news is clear: people continue to satisfy their cravings.
According to Mintel, chocolate sales have risen around the world despite the recession.
China saw chocolate confectionery sales jump 18 percent this year, while in the Ukraine sales rose 12 percent. Each of those countries has seen steady increases since 2005 and Mintel expects growth to continue through 2013.
In Cadbury‘s home of Britain, sales of chocolate increased 5.9 percent in 2009. In America, the home of potential buyers Kraft and Hershey, people bought 2.6 percent more chocolate this year than last.
Two-thirds (67 percent) of Americans surveyed said they partake in wine on holidays and special occasions while at home, while another 58 percent drink wine at home with dinner on an ordinary night, according to consumer trend tracker Mintel.
The wine market has grown 20 percent from 2004 through 2009 despite the recession, but at the peak of the slowdown in 2008 it declined 3.2 percent, Mintel said. With consumers slowly feeling better about the economy, the firm expects the wine market to increase by 2.1 percent this year.
Check out the rise in private label foods.
Mintel has tracked nearly 1,800 new U.S. private label foods popping up in stores so far this year. Those items account for 27 percent of all the food products that have been launched this year. Private label foods comprised only 13 percent of new food product launches back in 2005.