Popcorn inflation in the UK stood at -0.010% in April 2023, according to GlobalData’s report on the prices of stock keeping units (SKUs) supplied through online retailers. In Q2 2023, GlobalData monitored the pricing of 93 popcorn SKUs from companies such as Joe & Seph’s, Butterkist and Propercorn that were sold by e-retailers. Buy the report here.
Pricing is crucial, especially in a challenging economic climate, as competitive pricing and price leadership impact consumers’ choices. GlobalData’s pricing analysis reveals that Ocado offered the lowest prices of the total SKUs within the popcorn category from April through June 2023, followed by ASDA and Holland And Barrett. According to the analysis, the price range of $5 and below was the most competitive, with 88 SKUs.
The chart below illustrates price leadership among the covered retailers which offer the highest number of low-priced products in the category. Of all retailers, Ocado had the greatest share of lowest prices for individual SKUs in popcorn in the UK in Q2 2023.
Analysis of the quarterly price data showed that Harvey Nicols offered the highest number of SKUs on discount among the listed SKUs for each retailer. Among variants, the tracker revealed sweet and salty & sweet as the most popular (by number of SKUs) popcorn variants. These were priced 73% lower than the average price of a popcorn SKU.
Among the e-retailers tracked by GlobalData, the leading ones, based on the number of SKUs, were Ocado, ASDA, Tesco, Holland And Barrett and Bestway. According to the analysis, ASDA had the lowest average unit price, while the retailer with the widest product assortment was Ocado.
The report brings attention to the intricate pricing dynamics within the popcorn market, examining both the SKU and retailer levels, and offering invaluable insights for stakeholders. Notably, Ocado, ASDA and Holland And Barrett stood out as prominent e-retailers, providing competitive pricing for a substantial number of popcorn SKUs. However, to comprehensively grasp the popcorn market in the UK, continuous tracking of SKU pricing over time is necessary.
For a more detailed analysis of pricing trends in the the UK's popcorn market, buy the report here.
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