UK Grocery Retail Market 2023-2027

Grocery Retail Market in UK 2023-2027

Technavio has been monitoring the grocery retail market in UK and is forecast to grow by $52.54 bn during 2022-2027, accelerating at a CAGR of 3.83% during the forecast period. Our report on the grocery retail market in UK provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid urbanization and rising consumer spending, growing demand for convenient food products, and rising promotions, including bundled prices, volume discounts, and seasonal sales.

Technavio's grocery retail market in UK is segmented as below:

By Product

• Food and beverages
• Non food

By Distribution Channel

• Hypermarkets and supermarkets
• Convenience stores
• Discount stores
• Online
• Others

This study identifies the innovative store layouts and offerings to amplify customer experience as one of the prime reasons driving the grocery retail market growth during the next few years. Also, rapid growth in m-commerce and increase in demand for private-label brands will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the grocery retail market in UK covers the following areas:

• Grocery retail market sizing
• Grocery retail market forecast
• Grocery retail market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grocery retail market vendors that include Amazon.com Inc., Carrefour SA, Costco Wholesale Corp., EG Group, EH Booth and Co. Ltd., Farmfoods Ltd., Heron Foods Ltd., HOFER KG, Iceland Foods Ltd., Lidl US LLC, Marks and Spencer Plc, National Coop Grocers, Ocado Retail Ltd., PROUDFOOT SUPERMARKETS, SPAR (UK) Ltd., Tesco Plc, Waitrose Ltd., Wm Morrison Supermarkets Ltd., McCormick and Co. Inc., and B and M Retail Ltd. Also, the grocery retail market in UK analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.