By The Grocer2021-04-23T10:07:00+01:00
The story of Covid-19 in grocery is one of feast and famine. For the feasting, look at the massive value gains across this report. The top 100 brands are worth an extra £2.06bn in total, after locked- down shoppers packed their fridges, freezers and kitchen cupboards, with the UK’s biggest brand, Cadbury, putting on an extra £140m in sales.
As a result, this year’s rundown shows 76 brands in value growth, with 47 having grown by double digits. To underline the significance of those numbers, compare and contrast with 2019’s: 53 brands in growth, just seven by double digits.
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Brits have bought a veritable mountain of bagged snacks during the pandemic. They’ve tucked into almost 60,000 tonnes more than in 2019. As such, the value of crisps, popcorn, nuts and other savoury snacks has climbed by 13.1% to the dizzy height of £3.8bn [Kantar 52 w/e 27 December 2020].
That’s an extra £441.8m. And there’s good reason for this massive pile, suggests Cofresh brand manager Jon Roberts. “With cutbacks and restrictions on daily life, snacking has become the affordable treat,” he says. “At-home snacking is one area that has experienced continued growth.”
That’s putting it lightly. Lockdown sparked an avalanche of sales in crisps. The sector’s volumes are up 15.1%, while popcorn has risen 14.8% and nuts are up 12.2%.
RICS expert discusses future of commercial property valuations
DUBAI, January 21, 2021 An independent review into the way commercial property is valued has launched a call for professionals, consumers and stakeholders to get involved – seeking views on whether updated guidance is needed. Established to maintain confidence in the valuation practices of RICS professionals, the review is seeking evidence around four principle areas that form the foundation of commercial property valuation: the methodology behind valuation, identifying risk, maintaining independence and how value is measured. Questions the review have posed include whether new, more prescriptive rules are needed and whether the existing Red Book remains the right global framework to deliver quality valuation services.
Pringles launches spicy crisps range Print
Pringles is launching a Sizzl’N range of crisps, featuring three varying levels of heat intensity.
The range consists of Kickin’ Sour Cream (medium), Spicy BBQ (hot), and Cheese & Chilli (Extra Hot) flavours retailing at £2.99.
The brand said the range will amplify some well-known Pringles flavours “with an extra kick of spice that builds with every bite to test snackers’ limits”.
The flavours come as brand insights reveal 59% of millennials aged 18- to 34-years olds prefer very spicy foods, making the new range a “perfect fit for those who can handle the heat”.
Rebecca Worthington, Pringles UK activation brand lead, said
Hot news from Pringles as it brings some spice to lockdown life
Crisp makers introduce three new flavours to its range which are out to get those taste buds sizzling
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With food companies in stiff competition to satisfy our snacking needs during lockdown, the Pringles brand is going all-out to turn up the heat.