Authored By: Sarah
18 Sep 2023

Grocery Retail Market In UK Growth Analysis | Inc., Carrefour SA, and Costco Wholesale Corp. are among significant contributors

Competitive Benchmarking and  Forecasts for Core Vendors 2023-2027

Grocery Retail Market in UK is projected to be a billion-dollar sector with a market revenue growth of USD 52.54 Bn and the market is estimated to grow at a CAGR of 3.83% between 2022 and 2027. Rising promotions, including bundled prices, volume discounts, and seasonal sales a prominent factors driving the market growth. 

Grocery Retail Market in UK can be classified per Product (food and beverages and nonfood) and Distribution Channel (hypermarkets and supermarkets, convenience stores, discount stores, online, and others). It also includes an in-depth analysis of drivers, trends, and challenges. 

Technavio's report on the Grocery Retail Market in the UK offers a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth followed by a comprehensive analysis of the competitive landscape of the market and information that will enable clients to identify areas of growth and steer clear of the low-performing segments.

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Grocery Retail Market in UK at a Glance

Key Players of the Grocery Retail Market in UK  and their Key OfferingsRetail stores have increasingly adopted product bundling as a strategy that comprises bundled prices, volume discounts, and seasonal sales followed by rising promotions.

Moreover, Retail companies are adopting competitive pricing and marketing campaigns that are driving the company's revenue, indicating that such strategies would play a significant role in the market's growth during the forecast period.

Some of the key offerings include 

  • EG Group is a world-leading independent convenience retailer that deals with food service, grocery, merchandise, and fuel stations across Europe, the United States, and Australia. The key offerings of the company include a premier 30-gram protein plus energy and immune support shake. 
  • Amazon offers 400-gram English oven multigrain bread which is used as a health supplement meal.  
  • Carrefour offers an aero honeycomb chocolate bar which is used as a confectionery food item.

Some of the prominent names include Costco Wholesale Corp., 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, etc. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. 

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition. Download our sample report

Grocery Retail Market In UK: Market Highlights

  • The Grocery retail market in the UK is segmented by Product (Food and beverages and non-food) and Distribution channels (Hypermarkets and supermarkets, Convenience stores, Discount stores, Online, and Others).
  • The UK led the market with 100% of the market growth set to originate from this region during the forecast period.
  • Rapid urbanization and rising consumer spending is one of the primary factors driving the growth of the grocery retail market in the UK. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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