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Market Re-forecasts - Health and Wellbeing - UK - March 2009

Mintel's re-forecasting puts markets in realistic light

In less than nine months, the UK has changed from booming, overheated economy to an economy in crisis. In a fast-developing environment, up-to-date market and consumer data is more critical than ever.

It takes time for changes in macro-economic variables to have an impact on consumer spending. But it is now clear that consumers’ expectations, attitudes and beliefs have changed dramatically in the past six months. As a result, Mintel’s market size estimates and forecasts based on different consumer expectations warrant revision. For the first time in its near-40 years of delivering market and consumer insights, Mintel has conducted an exhaustive mid-cycle re-evaluation of consumer market forecasts published in 2007 & 2008.

The macro-economic changes

Since the bankruptcy of Lehman Brothers, crisis upon crisis has hit the UK financial services sector with several key players having to be rescued from the threat of insolvency. The consequences for the UK economy have been dramatic as the government and markets have reacted to unfolding events. Some of the falls include:

  • interest rates from 5% to 0.5% (Oct. ’08 to Mar ‘09)

  • the sterling/dollar exchange rate from $2 to the pound to $1.45 (Jun. ‘08 to Feb ’09)

  • the sterling/euro exchange rate from 1.25 euros to the pound to a low of 1.01 euros (most of ’08 to Jan. ’09)

  • the retail price index (RPI) from 5% to 0.1% (Sept. ’08 to Jan ’09)

  • the consumer price index (CPI) from over 5% to 3% (Sept. ’08 to Jan ’09 – less dramatic than RPI primarily as it excludes mortgage interest payments and housing depreciation).

The significance of these changes

Mintel has tracked UK consumer expenditure for almost 40 years, including the recessions of the seventies, 1980-81 and 1991-92.

Mintel market size estimates combine historic data trends with the most current consumer data, published data and trade insight. Using a range of economic variables, primarily consumer-related, such as consumer expenditure, personal disposable income and the consumer price index, we have re-estimated and re-forecast the market data in more than 300 of our UK reports.

This work will enable us to understand better which sectors are suffering most in the current economic crisis. How are consumers likely to spend their incomes in the coming years? Which sectors will suffer and benefit most? How should suppliers react in the short-, medium- and long-term?

The worst impact of recession is skewed towards certain sectors where big ticket, discretionary purchases are the norm: automotive; any sector where there is a close correlation with house purchasing (eg brown & white goods, floor coverings), technology and travel. But within each sector, there are winners and losers. Are car-buyers switching from new to used cars? Is the after-sales market benefiting as car owners delay purchases? When will an upturn take place?

Are consumers trading up to better quality products, trading down, or trading over? Each segment of each sector has to be analysed separately and in comparison with others.

Presentation of data

Mintel’s revised data is presented in an easy-to-use manner:

  • relevant commentary about the sector, with discussion of pertinent changes in the sector and an overall assessment of the current state of the market

  • a chart of the previous estimates and forecasts for a sector alongside the revised data

  • tables for the period 2002-2012 or 2003-2013, incorporating

  • previous and revised estimates & forecasts at current prices

  • the absolute value of the change to the market forecast

  • index numbers to show percentage changes

  • In most cases, we have added a further paragraph bringing to the attention of users of a scenario based on a more pessimistic forecast of economic circumstances in 2009. This is based on February ONS (Office of National Statistics) data. This should be seen as indicative of the impact of further economic decline: a worse case (but not worst case) scenario.

What next?

Aggregated and revised data, including forecasts to 2014 will be published in British Lifestyles 2009: consumers in crisis at the beginning of April 2009.

A further review of the changes in the markets surveyed by Mintel, consumers’ expenditure plans, and economic forecasts will take place July 2009 and, if necessary, a further set of revised forecasts with commentary will be published in July 2009.

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Table of contents

  1. Introduction

    • Mintel’s re-forecasting puts markets in realistic light
      • The macro-economic changes
        • The significance of these changes
          • Presentation of data
            • What next?
              • Methodology
                • Differences
                • Bicycles

                      • Figure 1: Forecast of UK volume of bicycle sales, 2002-12 (millions of units)
                      • Figure 2: Forecast of UK value of bicycle sales, at current 2008 prices, 2003-12
                    • Factors used in forecast
                      • Figure 3: Forecast of UK value of bicycle sales, at current 2008 prices, 2002-12
                    • Factors used in this forecast
                    • Fitness Classes

                          • Figure 4: Consumer expenditure on fitness classes, 2002-12
                          • Figure 5: Consumer expenditure on fitness classes, 2002-12
                        • Impact of the latest macro-economic data
                          • Factors incorporated in the forecast
                          • Functional Foods

                                • Figure 6: UK retail value sales of functional foods, 2002-12
                                • Figure 7: UK retail value sales of functional foods, 2002-12
                              • Impact of the latest macro-economic data
                                • Factors used in the forecast
                                • Health and Fitness Clubs

                                    • Figure 8: Membership numbers of UK health and fitness clubs, 2002-12
                                    • Figure 9: Membership numbers of UK health and fitness clubs, 2002-12
                                    • Figure 10: Revenues of UK health and fitness clubs, 2002-12
                                    • Figure 11: Revenues of UK health and fitness clubs, 2002-12
                                  • Impact of the latest macro-economic data
                                    • Factors incorporated in the forecast
                                    • Leisure Centres and Swimming Pools

                                        • Figure 12: The UK leisure centres and swimming pools market, by admissions, 2003-13
                                        • Figure 13: The UK leisure centres and swimming pools market, by admissions, 2003-13
                                        • Figure 14: The UK leisure centres and swimming pools market, by value, 2003-13
                                        • Figure 15: The UK leisure centres and swimming pools market, by value, 2003-13
                                      • Impact of the latest macro-economic data
                                        • Factors used in the forecast
                                        • Nuts, Seeds and Dried Snacks

                                            • Figure 16: UK retail value sales of nuts, seeds and dried snacks, 2003-13
                                            • Figure 17: UK retail value sales of nuts, seeds and dried snacks, 2003-13
                                        • Organic Foods

                                              • Figure 18: UK retail value sales of organic food, 2003-13
                                              • Figure 19: UK retail value sales of organic food, 2003-13
                                              • Figure 20: UK retail value sales of organic fruit and veg, 2003-13
                                              • Figure 21: UK retail value sales of organic fruit and veg, 2003-13
                                              • Figure 22: UK retail value sales of organic dairy, 2003-13
                                              • Figure 23: UK retail value sales of organic dairy, 2003-13
                                              • Figure 24: UK retail value sales of organic prepared foods and grocery, 2003-13
                                              • Figure 25: UK retail value sales of organic foods and grocery, 2003-13
                                              • Figure 26: UK retail value sales of organic prepared meat and poultry, 2003-13
                                              • Figure 27: UK retail value sales of organic meat and poultry, 2003-13
                                              • Figure 28: UK retail value sales of organic bread, 2003-13
                                              • Figure 29: UK retail value sales of organic bread, 2003-13
                                              • Figure 30: UK retail value sales of organic baby food & infant formula, 2003-13
                                              • Figure 31: UK retail value sales of organic baby food & infant formula, 2003-13
                                              • Figure 32: UK retail value sales of organic eggs, 2003-13
                                              • Figure 33: UK retail value sales of organic eggs, 2003-13
                                            • Impact of the latest macro-economic data
                                            • Salad Accompaniments

                                                • Figure 34: UK retail value sales of salad accompaniments, 2002-12
                                                • Figure 35: UK retail value sales of salad accompaniments, 2002-12
                                              • Impact of the latest macro-economic data
                                                • Factors used in the forecast
                                                • Sports and Energy Drinks

                                                    • Figure 36: UK retail value sales of sports and energy drinks, 2002-12
                                                    • Figure 37: UK retail value sales of sports and energy drinks, 2002-12
                                                    • Figure 38: UK retail value sales of sports drinks, 2002-12
                                                    • Figure 39: UK retail value sales of sports drinks, 2002-12
                                                    • Figure 40: UK retail value sales of energy drinks, 2002-12
                                                    • Figure 41: UK retail value sales of energy drinks, 2002-12
                                                  • Impact of the latest macro-economic data
                                                    • Factors used in the forecast
                                                    • Sports Participation

                                                          • Figure 42: Estimated consumer expenditure on sports participation, 2002-12
                                                          • Figure 43: Estimated consumer expenditure on sports participation, 2002-12
                                                        • Impact of the latest macro-economic data
                                                          • Factors incorporated in the forecast
                                                          • Weight Control Foods

                                                              • Figure 44: UK retail value sales of weight control foods, 2003-13
                                                              • Figure 45: UK retail value sales of weight control foods, 2003-13
                                                              • Figure 46: UK retail value sales of RFRC foods, 2003-13
                                                              • Figure 47: UK retail value sales of RFRC foods, 2003-13
                                                            • Impact of the latest macro-economic data
                                                              • Factors used in the forecast
                                                              • Yogurt

                                                                  • Figure 48: UK retail value sales of yogurt and fromage frais, 2002-12
                                                                  • Figure 49: UK retail value sales of yogurt and fromage frais, 2002-12
                                                                  • Figure 50: UK retail value sales of yogurt drinks, 2002-12
                                                                  • Figure 51: UK retail value sales of yogurt drinks, 2002-12
                                                                • Factors used in the forecast

                                                                Companies Covered

                                                                To learn more about the companies covered in this report please contact us.

                                                                Market Re-forecasts - Health and Wellbeing - UK - March 2009

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