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United Kingdom (UK) Food and Grocery Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2022-2026

Publisher GlobalData
Published Oct 21, 2022
Length 71 Pages
SKU # GBDT17548643

Description

United Kingdom (UK) Food and Grocery Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2022-2026

Summary

United Kingdom (UK) Food and Grocery Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2022-2026 report offers comprehensive insight and analysis of the food & grocery market, the major players, key trends, and consumer attitudes. It provides in-depth analysis of the hot issues impacting the market (such as the financial crisis, inflation, the big trade down, the rapid delivery channel, and social responsibility & community building), strategies for success, market sizes from 2016 and forecasts to 2026, retailer profiles and market shares, and consumer shopping behaviour. The report focuses on 6 key sub-categories: food, alcoholic drinks, tobacco and e-cigarettes, soft drinks, household products and hot drinks. Consumer data is based on our 2022 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.

The UK food & grocery market is forecast to rise 0.7% in 2022. Inflation will peak in Q4 2022, boosting the market and returning it to positive territory in H2 - helping to offset the severe fall in volumes which is the worst volume performance the UK has seen in over 40 years as consumers are forced to cut back, trade down or switch as their household budget come under more pressure. Market share growth will be extremely challenging for the grocers this year, and eroded margins and profitability will take time to rebuild. Aldi’s share of spend is forecast to rise the most in 2022, allowing it to overtake Morrisons and become the UK’s fourth largest grocer.

Scope
  • The market will remain inflationary throughout the five-year forecast period, estimated to reach 16.0% in Q1 2023 and then gradually easing to 2.5% by 2026. Production costs will remain high, rising consumer demands for availability, choice as well as sustainably and ethically produced goods will force prices to be higher than before.
  • Buying cheaper or simply buying less are the preferred strategies among consumers in light of rising prices. This will benefit private label ranges so retailers investing in range expansion and product innovation will steal share from branded equivalents
  • Online penetration has fallen back in 2022 following two years of boom for the grocery channel due to COVID-19. However, this is a temporary trough, and the market will outperform physical channels in 2023 and beyond.
Reasons to Buy
  • Using our five year forecasts to 2026, learn which subcategories in the Food & Grocery market will be the fastest performing to enable focus and investment in these winning product areas.
  • Understand how drivers of Food & Grocery purchases, such as range, price and quality, vary in importance among different demographics in order to maximise 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

71 Pages
  • Executive Summary
    • UK Food & Grocery Market Drivers
    • UK Food & Grocery Market Inhibitors
    • Key Trends: Financial Crisis
    • Key Trends: Consumer Expectations of Price Changes
    • Key Trends: The Big Trade Down
    • Key Trends: Supply Chain Disruption
    • Key Trends: Holiday Saving and its Knock-On Effect
    • Key Trends: Rapid delivery
    • Key Trends: Rapid delivery shopper profile
    • Key Trends: Social responsibility and community building
    • Community Building: Helping families to feed the family
    • Strategies for Success in the UK Food & Grocery Market
    • UK Food & Grocery Market, five year growth 2016-2026
    • UK Food & Grocery Market Size, 2016-2026
    • UK Food & Grocery Market Growth Drivers, 2019-2026
    • Key Category Trends
    • Food & Grocery Categories
    • UK Food & Grocery Market by Category %, 2016-2026
    • UK Food & Grocery Category Segment Value and Forecast, 2021 & 2026
    • UK Food & Grocery Online Market, 2016-2026
    • UK Food & Grocery Channel Growth, 2016-2026
    • UK Food & Grocery Market by Channel, 2021 and 2026
    • UK Food & Grocery Channel Value & Forecast, 2021 and 2026
    • Top 10 UK Food & Grocery Retailers, 2021-22e
    • Market Shares of Top 10 UK Food & Grocery Retailers, 2021-22e
    • Top 20 Most Visited and Purchased from Retailers for Food & Grocery, 2022
    • UK Food & Grocery Competitor Overlap, 2022
    • Tesco
    • Sainsbury’s
    • ASDA
    • Morrisons
    • Aldi
    • Key Consumer Trends
    • UK Food & Grocery Penetration & Profile, 2022
    • UK Food & Grocery Category Penetration, 2022
    • UK Food & Grocery Channel Usage, 2022
    • UK Food & Grocery Fulfilment Methods, 2021
    • UK Food & Grocery Purchase Frequency, 2022
    • UK Food & Grocery Trading Down, 2022
    • UK Food & Grocery Retailer Switching, 2022
    • UK Food & Grocery Consumer Drivers, 2022
    • Methodology
    • Definitions

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