The UK Food & Grocery Market 2018-2023

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.

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.