Press release
The UK Food & Grocery Market 2018-2023 - Tesco, Sainsbury's, ASDA, Morrisons, Aldi, The Co-op, M&S, Waitrose, Lidl, Spar, Ocado, Amazon, Iceland, B&M
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Summary
"The UK Food & Grocery Market 2018-2023", report offers comprehensive insight and analysis of the food & grocery market (including forecasts up to 2023), the major players, the main trends, and consumer attitudes. It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes and forecasts, retailer profiles, retailer market shares, consumer data and future outlook. The report focuses on food, tobacco & e-cigarettes, alcoholic drinks, soft drinks, household products and hot drinks. Consumer data is based on our 2018 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
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The UK food & grocery market is forecast to reach £150.9bn in 2018, with forecast growth of 15.1% between 2018-2023. Mergers and acquisitions throughout 2017 and 2018 are consolidating the market, leading to challenges for suppliers-particularly with Brexit uncertainty mounting. Online continues to grow at pace, reaching 8.3% penetration in 2018.
Scope
-The health and wellness trend is damaging volume sales across key food & grocery sub-sectors, including meat & fish and sugar & sweet products
-The discounters control 13.2% of the market, and (coupled with the rise of online specialists) threaten to further erode market share of the Big Four in the future
-Uncertainty surrounding the future of global trade relations will see food & grocery inflation peak in 2018 at 3.3%, and will remain above 3% until mid-2020
-The 65+ demographic now accounts for 23.9% of all food & grocery spending (£36.1bn)-up 3.4ppts since 2016
-The main drivers of value for money, quality, price and range are crucial to consumers, with at least 75% of food & grocery shoppers rating each of these criteria seven or more out of ten for importance.
-The number of consumers who shop at least every few days has risen by 2.7ppts since last year to 46.2%, coupled by a 3.0ppts reduction in the percentage who only shop once a week.
Reasons to buy
-Understand how mergers and acquisitions are affecting the food & grocery market in 2018 to identify new potential partnerships
-Explore how the dynamics of the online grocery market are changing and view online market shares of the major grocers, allowing you to explore potential avenues of growth through e-commerce
-Identify the technological drivers behind Ocado's success to understand how you can adapt your business accordingly
-Learn about the shopping differences across age groups to understand how your store portfolio needs to adapt to compensate
-Discover the reasons behind the success of the discounters, and what this will mean for other players in the market in order to better compete.
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Companies Mentioned:
Tesco
Sainsbury's
ASDA
Morrisons
Aldi
The Co-op
M&S
Waitrose
Lidl
Spar
Ocado
Amazon
Iceland
B&M
List of Tables
Food & grocery spend by subcategory, 2018e and 2023e
Food spend by storage: 2018e, 2023e
Spend per head on food & grocery in 2018
Food & grocery channel split: 2018e, 2023e
Market share prospects out to 2019 for the top 10 players
Five year market shares for Top 10 players, 2013-2018e
Comparative metrics for leading retailers
Retailer competitor overlap for Top 10 players, 2018
Purchase penetration at subcategory level (fresh fruit and vegetables, bakery goods, household goods, soft drinks, alcohol, tobacco, other food and grocery products) by demographic, 2018
Food storage type by demographic (frozen food, ambient food, chilled food), 2018
Channel usage by demographic (instore, online, mail order), 2018
Store format usage by demographic (out-of-town, town centre, convenience), 2018
Fulfilment methods used by demographic (home delivery, click & collect, third-party pickup), 2018
What drives food & grocery purchases, by demographic, 2018
What drives food & grocery purchases, by retailer, 2018
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