FDBusiness.com

UK sales of pies and pasties are thriving and by 2012 will be worth over £1 billion, according to the latest research from Mintel. Valued at £941 million in 2009, sales are forecast to rise to £962 million by the end of the year. In addition, between 2008 and 2009, sales of pies and pasties increased by around 5% as British consumers were faced with rising food prices and sought comfort food items that offered them not only value for money, but a treat they could indulge in.

The research also finds pies are now the nation’s favourite snack in the thriving pies and pasties market – overtaking the classic sausage roll during the recession. In 2008 some 68% of British consimers named the sausage roll their favourite pie and pasty product, followed by beef pie (55%) and the Cornish pasty (50%). However, it seems the tables have turned as today, the top three pie and pasty products rank as beef (55%), sausage roll (53%) and Cornish pasties 45%. Indeed, over eight in ten (84%) of UK consumers have eaten a pie or pasty in the past 12 months.

“Consumers returned to the familiar as the economic downturn put a dent in their disposable income, forcing them to reconsider their spending priorities. Today, more and more Brits are continuing to buy pies and pasties as they rediscover their benefits, and they are proving particularly appealing to those on a limited budget. While pies were often previously seen as being old fashioned, they have benefited from being repositioned as a popular gastro pub meal staple – moving them a step beyond the sausage roll in the eyes of the consumer as a versatile snack or viable main meal,” explains Vivianne Ihekweazu, senior food and drink analyst at Mintel.

Consumers appear to have quite fixed taste preferences when it comes to choosing a pie or pasty, so many prefer to stick to traditional tried and tested flavours. However, the recent introduction of new flavours using premium ingredients with a focus on provenance and quality has helped modernise product ranges, giving consumers more choice – and reasons to buy – than ever before.

The market for pies and pastie is set to grow by a further 17% over the next 5 years to reach £1.123 billion by 2017. However, the state of the economy will have a significant effect on the future well-being of the market.

“While the economic downturn is currently putting pressures on finances, with consumers prioritising their financial situation over health, when the economy does recover consumers are likely to shift their priorities refocusing on health. For future growth to stay strong, manufacturers will also need to reformulate their pie and pasty ranges, making them healthier, with the use of natural ingredients,” Vivianne Ihekweazu concludes.