UK Sales of Halloween Products to Reach £240 Million
New research from Mintel reveals that retail sales of Halloween products reached £230 million in 2013 and are expected to grow to around £240 million this year. In 2013, more than two-fifths (43%) of British consumers joined in the festivities by spending on products or services for the occasion and it seems that it is younger shoppers are the most enthusiastic. Indeed, the number of Brits spending on products or services for Halloween rises to as many as three fifths (58%) of 16-24’s and over half (55%) of those aged 25-34.
Furthermore, Mintel’s research shows that it is British parents who on Halloween night are the most likely to have a fright as three in five (60%) bought products or services for Halloween in 2013, rising to 73% of Brits with children aged 6 to 12. Whilst two in five (40%) parents bought trick or treat confectionery, one in four (25%) bought fancy dress. However it seems that it is not only parents who are getting into the spirit of Halloween as more than one in four (28%) Brits bought trick-or-treat confectionery in 2013 and one in seven (14%) bought fancy dress. In addition, one in ten (10%) bought decorations, 9% bought special food or drink to have at home and 8% went out to a party or event.
John Mercer, Senior European Retail Analyst at Mintel, comments: “Halloween is firmly established on the retail calendar and continues to grow in importance, but it is an event marked by frugal shopping from consumers: average spend is low and confectionery is by far the most popular category to spend on. To grow the market, there is value in focusing on the demographics already clued up to the event – young adults and families – and nudging up their spending by encouraging small-ticket confectionery shoppers to trade up to non-food items. Alternatively, retailers can try to draw in more consumers, such as older shoppers (including grandparents) and consumers without children, who are currently less likely to be spending.”
He adds: “For stores, the gains go beyond a bite of the £240 million market: Halloween-themed ranges, merchandising and in-store events can have a “Santa’s grotto” effect, providing shoppers with reasons to visit stores, driving footfall and encouraging impulse purchases.”
In addition, the UK food and drink sector seems to be tapping into the spooky season as the number of food and drink products launched with a mention of Halloween grew 263% between 2009 and 2013. Looking beyond the UK, it seems that the season’s excitement is also spreading, with the number of food and drink products launched globally referencing the event growing by 194% in the five year period to 2013.
