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United Kingdom (UK) Convenience Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026

Publisher GlobalData
Published Jul 29, 2022
Length 95 Pages
SKU # GBDT17417939

Description

United Kingdom (UK) Convenience Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026

Summary

United Kingdom (UK) Convenience Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026 report offers comprehensive insight and analysis of the convenience retailing market, the major players, key trends, and consumer attitudes. It provides in-depth analysis of the hot issues impacting the market (such as inflation, ambient retail, rapid delivery and post-COVID consumer behavior), strategies for success, market sizes and forecasts to 2026, retailer profiles and market shares, and consumer shopping behavior. Consumer data is based on our 2021 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.

The convenience retailing market will see marginal growth. Facing tough comparatives of the last two years and a cost-of-living crisis, we forecast spend at convenience stores to rise just 0.4% in 2022. Volumes will be down, especially in neighborhood locations, but inflation will help to offset this. The level of growth will gradually pick up from 2023 with the market reaching £42.7bn in 2026 - up 12.5% on 2021, equating to an extra £4.7bn. While some consumers will return to the office, hybrid working is a permanent shift which will benefit convenience players in the long term. Range development, loyalty schemes and localized sourcing will support footfall.

Scope
  • The UK convenience market witnessed an impressive boost in 2020 as consumers shopped closer to home and relied more heavily on their local stores—leading to range diversification, especially at the independents, which boosted average basket size and visit frequency.
  • Players highly exposed to urban areas and forecourts, namely Tesco and Sainsbury’s, saw footfall decline during COVID as consumers worked from home and stayed local. These players will see share pick up in 2022 as neighborhood convenience stores suffer a decline in footfall as consumers return to the office and shift spend to high street discounters.
  • The pandemic has accelerated the shift to online, especially within food & grocery.
Reasons to Buy
  • Using our five year forecasts to 2026, learn which areas of the convenience market will be the fastest performing to enable focus and investment in these winning product areas.
  • Understand how drivers of convenience purchases, such as range, price and quality, vary in importance among different demographics in order to maximize sales potential.
  • Use our in-depth analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.

Table of Contents

95 Pages
  • Executive Summary
    • UK Convenience Retailing Market Drivers
    • UK Convenience Retailing Market Inhibitors
    • Key Trends: Inflation
    • Key Trends: Ambient Retail
    • Key Trends: Q-commerce/Rapid Delivery
    • Key Trends: Post-COVID Consumer Behaviour - Working From Home
    • Key Trends: Post-COVID Consumer Behaviour - Localism
    • Key Trends: Post-COVID Consumer Behaviour - Sustainability
    • Key Trends: Post-COVID Consumer Behaviour - Loyalty
    • Strategies for Success in the UK Convenience Retailing Market
    • UK Convenience Retailing Market, 2016-2026
    • UK Convenience Retailing Market Size, 2016-2026
    • UK Convenience Retailing in Context, 2016-2026
    • UK Convenience Retailing Share of Total Retail, 2016-2026
    • UK Convenience Retailing Share of Total Food & Grocery, 2016-2026
    • Key Category Trends
    • Convenience Retailing Categories
    • UK Convenience Retailing Market by Category %, 2016-2026
    • UK Convenience Retailing Market by Channel, 2021 and 2026
    • UK Convenience Retailing Channel Value & Forecast, 2019-26
    • UK Convenience Retailing Channel Value & Forecast, 2019-26, post McColls rescue
    • Recent Key Events in Convenience Retailing
    • Top 10 UK Convenience Retailing Retailers, 2022e
    • Market Shares of Top 10 UK Convenience Retailers (%), 2020-22e
    • Top 20 Most Visited and Purchased from Retailers for Convenience, 2021
    • UK Convenience Retailing Competitor Overlap, 2021
    • Tesco
    • Sainsbury's
    • Co-op
    • Marks & Spencer
    • Spar
    • Key Consumer Trends
    • UK Convenience Retailing Penetration & Profile, 2021
    • UK Convenience Retailing, 2021
    • UK Convenience Retailing Category Penetration, 2021
    • UK Convenience Retailing Food Category Penetration, 2021
    • UK Convenience Retailing: Reasons For Consumers Shopping at Most Used Convenience Retailer, 2021
    • UK Convenience Retailing: Reasons For Consumers Shopping at Most Used Convenience Retailer, 2021
    • UK Convenience Retailing Visit Frequency, 2021
    • UK Convenience Retailing Consumer Spending, 2021
    • UK Convenience Retailing COVID-19 Spending, 2021
    • UK Convenience Retailing Consumer Drivers, 2021
    • UK Convenience Retailing, Dietary Requirements, 2021
    • UK Convenience Retailing: Dietary Requirements, 2021
    • UK Convenience Retailing: Reasons For Not Purchasing, 2021
    • UK Convenience Retailing, Loyalty Schemes, 2021
    • UK Convenience Retailing, Loyalty Scheme Importance, 2021
    • UK Rapid Delivery Usage For Groceries, 2021
    • UK Rapid Delivery Grocery Usage Drivers, 2021
    • UK Rapid Delivery Spending, 2021
    • UK Convenience Retailing Self-Checkout & Checkout-Free Usage, 2021
    • UK Convenience Retailing, Till Type Preference 2021
    • UK Convenience Retailing, Reasons Consumers Would Not Use Checkout Free Stores 2021
    • UK Convenience Retailing, Price Changes 2021
    • UK Convenience Retailing, Post COVID-19 Working From Home 2021
    • UK Convenience Retailing, Store Usage 2022
    • UK Convenience Retailing Usage at Place of Work, 2022
    • UK Food & Grocery Where To Shop Drivers, 2021
    • UK Convenience Retailing, Locally Produced Items, 2022
    • UK Convenience Retailing, Top-Up Shops 2022
    • UK Convenience Retailing, Shopping for Occasions, 2021
    • Methodology
    • Definitions
    • Contact Us

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