2014-04-03 04:17:03 - Bakery Product Retailing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
Operators in the Bakery Product Retailing industry sell goods such as bread, cakes, rolls, pies and pasties. Confectioners that sell chocolate, toffee, fudge and other sugary items are also included. The industry has remained relatively resilient over the past five years, although the tough economic climate has brought problems for most retail firms.
Recessionary conditions reduced incomes, so consumers reduced their purchases accordingly. However, higher demand for ready-to-eat meals has driven the sale of sandwiches and bakery snacks such as rolls, teacakes and scones. Over the five years through 2013-14, industry revenue is estimated to increase at a compound annual rate of 1.4% to reach Â£2.2 billion.
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