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UK: Food & Grocery Market: Study Navigating the Future Growth Outlook
UK: Food & Grocery Market
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Summary
UK: Food & Grocery 2019-2024
The UK Food & Grocery report offers a comprehensive insight into the food & grocery market in the UK, analysing the sector, the major players, the main trends, and consumer attitudes; as well as providing forecasts out to 2024. Consumer data is based on our 2019 UK How Britain Shops survey, using a panel of 10,000 nationally representative consumers.
UK Food & Grocery spend is expected to rise by 15.0% to 174.5bn in 2024, ahead of the growth seen in 2014-2019 as macro-economic conditions are set to improve and the lure of the discounters Aldi and Lidl begin to wane. However, while a recovery in volume growth is forecast, overall market growth will remain driven by inflationary pressures over the next five years.
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Scope
- The UK food & grocery market is forecast to grow 15.0% between 2019-2024 - considerably higher than that achieved in the five years prior - as macroeconomic uncertainty drives inflation across core categories.
- The future of the UK's relationship with the EU post-Brexit will be pivotal for food operators, with a no-deal Brexit likely to cause elevated inflation levels (as a result of imposed tariffs) and issues around availability.
- Sustainability is becoming an increasingly visible metric against which consumers rate supermarkets, with 93.5% of UK consumers stating that it is the responsibility of retailers to act sustainably.
- With almost a quarter of all consumers identifying as having a dietary requirement, supermarkets now need to fully integrate free-from ranges into their proposition, rather than considering it an optional extra.
- While l-f-l sales growth at the discounters is beginning to show signs of slowing, aggressive expansion plans from Aldi and Lidl - coupled with growing consumer awareness of the food proposition at non-food specialists such as B&M and Poundland - will see the discounter channel grow 25.0% over the next five years.
Reasons to buy
- Understand the dynamics of the food & grocery market and identify fast-growing sub-sectors, allowing you to tailor your sales mix to better meet the needs of your customers.
- Gain insight into the far-reaching trends affecting the food & grocery market - including the impact of Brexit, the importance of sustainability investment, and the need for retailers to adapt quicker to changing diets - to allow you to better prepare strategies for long-term success.
- Learn how the major players are investing in the online channel, enabling you to evaluate the importance of online delivery to your customers and how to adapt to the changing landscape.
- See how non-food discounter specialists, such as B&M, are posing a threat to traditional food retailers, and reveal how best to fend off competition from price-orientated rivals.
Companies Mentioned in the Report
Aldi
ASDA
B&M
Birds Eye
Co-op
Deliveroo
Home Bargains
Iceland
Just Eat
Lidl
M&S
McColl's
Morrisons
Nisa
Poundland
Quorn
Sainsbury's
Tesco
Waitrose & Partners
Walkers
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Table of Contents
THE HOT ISSUES
Market drivers and inhibitors in food & grocery
Main issues in food & grocery
Availability impact of a no-deal Brexit in January remains greatest macro-economic concern for supermarkets
Despite adverse external pressures, retailers need to protect margins to enable quicker investment in strategy
Sustainability investment must be tempered
Retailers must adapt faster to changing diet requirements
Strategies for success
WHAT PEOPLE BUY
Headlines
The sector at a glance
Overall sector size
Overall sector growth
Category dynamics: Food
Category dynamics: Food by storage
Food: Sub-category growth
Category dynamics: Tobacco & e-cigarettes
Tobacco & e-cigarettes: Sub-category growth
Category dynamics: Alcoholic drinks
Alcoholic drinks: Sub-category growth
Category dynamics: Soft drinks
Category dynamics: Household products
Category dynamics: Hot drinks
Spend per head
Online dynamics
WHERE PEOPLE SHOP
Channels of distribution
Market shares of major food
....Continued
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2463583-uk-food-grocery-2019-2024
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Craig Francis (PR & Marketing Manager)
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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