Food Markets in the UK - Industry Market Research Report

Food Markets in the UK - Industry Market Research Report

Food Markets in the UK

Food markets' sales are sensitive to trends in consumer tastes and disposable income levels. During the first COVID-19 lockdown, around a third of food market stalls closed in line with social distancing restrictions. Large social gatherings like weddings and festivals were cancelled, and lunchtime sales to office workers disappeared, leading to two lucrative markets for food market stalls drying up. Some stalls were granted pitch fee waivers, which helped to minimise losses. Surging inflation threatens sales as consumers become less optimistic and cut their spending on discretionary items like those sold by food market stalls. That's why sales are forecast to fall by 4.5% in 2022-23. Food markets' revenue is forecast to fall at a compound annual rate of 2.8% over the five years through 2022-23 to £1.2 billion. At the moment, inflation is pushing up purchase costs and soaring production costs are contributing to food shortages, weighing on profitability.

This industry retails food and beverages for immediate consumption via stalls and markets. The industry also includes the sale of food and beverages from motorised vehicles, such as trucks and trailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.