NEW YORK, April 25, 2023 /PRNewswire/ — The size of the grocery retail market in UK is set to grow by USD 52.54 billion between 2022 and 2027, progressing at a CAGR of 3.83% during the forecast period, according to Technavio Research. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment, Download a Sample Report
Although rapid urbanization and rising consumer spending, growing demand for convenient food products, and rising promotions will offer immense growth opportunities, the threat of counterfeit grocery products is likely to pose a challenge for market vendors. In a bid to help players strengthen their market foothold, this report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Frequently Asked Questions:
- Based on segmentation by product, which is the leading segment in the market?
The market will observe significant growth in the food and beverages segment.
- What is the major trend in the market?
Innovative store layouts and offerings to amplify customer experience is identified as the major trend in the market.
- At what rate is the market projected to grow?
The market is projected to grow at a CAGR of 3.83% during the forecast period.
- Who are the top players in the market?
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. are the top players in the market.
- What are the key market drivers and challenges?
The market is driven by rising promotions, including bundled prices, volume discounts, and seasonal sales. However, the threat of counterfeit grocery products will challenge the growth of the market.
Grocery Retail Market in UK 2023-2027: Segmentation
- Product
- Food and Beverages
- Non Food
- Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Discount Stores
- Online
- Others
The market growth in the food and beverages segment will be significant over the forecast period. The growth of the segment is driven by the increasing demand for snacks and the introduction of innovative products by vendors. Also, the rise in the per capita income of consumers and the rise in the demand for organic and gluten-free products are driving the growth of the segment.
The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market, download a sample report
Grocery Retail Market in UK 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The grocery retail market in UK report covers the following areas:
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Grocery Retail Market in UK 2023-2027: Vendor Analysis and Scope
The grocery retail market in UK is fragmented due to the presence of several international and local players operating across the country. Vendors in the market compete by expanding their presence through mergers and acquisitions and launching marketing campaigns. The competition is expected to intensify during the forecast period with the entry of several new players, private-label brands, price wars, and M&A. Global vendors remain under constant threat from regional and local vendors, as well as emerging start-ups. Therefore, they need to invest in constant service innovations and ensure easy and convenient service delivery to sustain themselves in the market. Some of the key vendors covered in the report include:
- Amazon.com Inc. – The company offers 400-gram English Oven multigrain bread, which is used as a health supplement meal.
- Carrefour SA – The company offers Aero honeycomb chocolate bar, which is used as a confectionery food item.
- Farmfoods Ltd. – The company offers Simply Lunch deli vegetarian sandwich platter, which is used as a ready-made meal consumed mostly as an evening snack.
- Heron Foods Ltd. – The company offers groceries and chilled foods, bread, milk, fresh fruit, and vegetables along with a wide range of household items.
- Costco Wholesale Corp.
- EH Booth and Co. 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.
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Grocery Retail Market in UK 2023-2027: Driver
The market is driven by rising promotions, including bundled prices, volume discounts, and seasonal sales. Vendors are adopting various strategies to attract customers. Product bundling is one of the key strategies adopted by vendors in recent times. The strategy benefits and help them save around 7%-15% on the cost of purchasing the bundled items separately. In addition, promotional offers, such as volume discounts, are being adopted by retail stores to drive more sales. Many retail stores offer seasonal discounts on grocery products on occasions such as Christmas. This helps in attracting several people to department stores. Many such marketing strategies adopted by vendors drive the growth of the market in focus.
Grocery Retail Market in UK 2023-2027: Challenge
The threat of counterfeit grocery products will challenge the growth of the market. The grocery retail market in UK faces a significant threat from counterfeit products. The market has a wide availability of numerous spurious products ranging from fast-moving consumer goods to electronic goods. The availability of such products is adversely affecting the sales as well as the reputation of popular brands. This is expected to reduce the growth potential of the market.
Grocery Retail Market in UK 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist grocery retail market growth in UK during the next five years
- Estimation of the grocery retail market size in UK and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the grocery retail market across UK
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of grocery retail market vendors in UK
Related Reports:
The instant grocery market size is expected to increase by USD 123.85 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 16.88%. The market is segmented by product (nonfood products and food products) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The online grocery market is estimated to grow at a CAGR of 13.14% between 2022 and 2027. The size of the market is forecasted to increase by USD 740.88 billion. The market is segmented by product (food products and non-food products), type (one-time customers and subscribers), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
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Grocery Retail Market in UK: Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.83% |
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Market growth 2023-2027 |
USD 52.54 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
3.46 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse through Technavio’s Consumer Staples Market Reports
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on UK – Market size and forecast 2022-2027 ($ billion)
- Exhibit 12: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Chart on UK: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on UK: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Grocery retail market in UK 2017 – 2021
- Exhibit 15: Historic Market Size – Data Table on Grocery retail market in UK 2017 – 2021 ($ billion)
- 4.2 Product Segment Analysis 2017 – 2021
- Exhibit 16: Historic Market Size – Product Segment 2017 – 2021 ($ billion)
- 4.3 Distribution channel Segment Analysis 2017 – 2021
- Exhibit 17: Historic Market Size – Distribution channel Segment 2017 – 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 25: Chart on Product – Market share 2022-2027 (%)
- Exhibit 26: Data Table on Product – Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 27: Chart on Comparison by Product
- Exhibit 28: Data Table on Comparison by Product
- 6.3 Food and beverages – Market size and forecast 2022-2027
- Exhibit 29: Chart on Food and beverages – Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Food and beverages – Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Food and beverages – Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Food and beverages – Year-over-year growth 2022-2027 (%)
- 6.4 Non food – Market size and forecast 2022-2027
- Exhibit 33: Chart on Non food – Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Non food – Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Non food – Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Non food – Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Product
- Exhibit 37: Market opportunity by Product ($ billion)
- Exhibit 38: Data Table on Market opportunity by Product ($ billion)
7 Market Segmentation by Distribution Channel
- 7.1 Market segments
- Exhibit 39: Chart on Distribution Channel – Market share 2022-2027 (%)
- Exhibit 40: Data Table on Distribution Channel – Market share 2022-2027 (%)
- 7.2 Comparison by Distribution Channel
- Exhibit 41: Chart on Comparison by Distribution Channel
- Exhibit 42: Data Table on Comparison by Distribution Channel
- 7.3 Hypermarkets and supermarkets – Market size and forecast 2022-2027
- Exhibit 43: Chart on Hypermarkets and supermarkets – Market size and forecast 2022-2027 ($ billion)
- Exhibit 44: Data Table on Hypermarkets and supermarkets – Market size and forecast 2022-2027 ($ billion)
- Exhibit 45: Chart on Hypermarkets and supermarkets – Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Hypermarkets and supermarkets – Year-over-year growth 2022-2027 (%)
- 7.4 Convenience stores – Market size and forecast 2022-2027
- Exhibit 47: Chart on Convenience stores – Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Convenience stores – Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Convenience stores – Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Convenience stores – Year-over-year growth 2022-2027 (%)
- 7.5 Discount stores – Market size and forecast 2022-2027
- Exhibit 51: Chart on Discount stores – Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Discount stores – Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Discount stores – Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Discount stores – Year-over-year growth 2022-2027 (%)
- 7.6 Online – Market size and forecast 2022-2027
- Exhibit 55: Chart on Online – Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Online – Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Online – Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Online – Year-over-year growth 2022-2027 (%)
- 7.7 Others – Market size and forecast 2022-2027
- Exhibit 59: Chart on Others – Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Others – Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Others – Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Distribution Channel
- Exhibit 63: Market opportunity by Distribution Channel ($ billion)
- Exhibit 64: Data Table on Market opportunity by Distribution Channel ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 66: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 67: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 68: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 69: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 70: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 71: Matrix on vendor position and classification
- 11.3 Amazon.com Inc.
- Exhibit 72: Amazon.com Inc. – Overview
- Exhibit 73: Amazon.com Inc. – Business segments
- Exhibit 74: Amazon.com Inc. – Key news
- Exhibit 75: Amazon.com Inc. – Key offerings
- Exhibit 76: Amazon.com Inc. – Segment focus
- 11.4 B and M Retail Ltd
- Exhibit 77: B and M Retail Ltd – Overview
- Exhibit 78: B and M Retail Ltd – Product / Service
- Exhibit 79: B and M Retail Ltd – Key offerings
- 11.5 Costco Wholesale Corp.
- Exhibit 80: Costco Wholesale Corp. – Overview
- Exhibit 81: Costco Wholesale Corp. – Business segments
- Exhibit 82: Costco Wholesale Corp. – Key offerings
- Exhibit 83: Costco Wholesale Corp. – Segment focus
- 11.6 EG Group
- Exhibit 84: EG Group – Overview
- Exhibit 85: EG Group – Product / Service
- Exhibit 86: EG Group – Key offerings
- 11.7 EH Booth and Co. Ltd.
- Exhibit 87: EH Booth and Co. Ltd. – Overview
- Exhibit 88: EH Booth and Co. Ltd. – Product / Service
- Exhibit 89: EH Booth and Co. Ltd. – Key offerings
- 11.8 Farmfoods Ltd.
- Exhibit 90: Farmfoods Ltd. – Overview
- Exhibit 91: Farmfoods Ltd. – Product / Service
- Exhibit 92: Farmfoods Ltd. – Key offerings
- 11.9 HOFER KG
- Exhibit 93: HOFER KG – Overview
- Exhibit 94: HOFER KG – Product / Service
- Exhibit 95: HOFER KG – Key offerings
- 11.10 Iceland Foods Ltd.
- Exhibit 96: Iceland Foods Ltd. – Overview
- Exhibit 97: Iceland Foods Ltd. – Product / Service
- Exhibit 98: Iceland Foods Ltd. – Key offerings
- 11.11 Lidl US LLC
- Exhibit 99: Lidl US LLC – Overview
- Exhibit 100: Lidl US LLC – Product / Service
- Exhibit 101: Lidl US LLC – Key offerings
- 11.12 Marks and Spencer Plc
- Exhibit 102: Marks and Spencer Plc – Overview
- Exhibit 103: Marks and Spencer Plc – Business segments
- Exhibit 104: Marks and Spencer Plc – Key offerings
- Exhibit 105: Marks and Spencer Plc – Segment focus
- 11.13 National Coop Grocers
- Exhibit 106: National Coop Grocers – Overview
- Exhibit 107: National Coop Grocers – Product / Service
- Exhibit 108: National Coop Grocers – Key offerings
- 11.14 Ocado Retail Ltd.
- Exhibit 109: Ocado Retail Ltd. – Overview
- Exhibit 110: Ocado Retail Ltd. – Product / Service
- Exhibit 111: Ocado Retail Ltd. – Key offerings
- 11.15 Tesco Plc
- Exhibit 112: Tesco Plc – Overview
- Exhibit 113: Tesco Plc – Business segments
- Exhibit 114: Tesco Plc – Key offerings
- Exhibit 115: Tesco Plc – Segment focus
- 11.16 Waitrose Ltd.
- Exhibit 116: Waitrose Ltd. – Overview
- Exhibit 117: Waitrose Ltd. – Product / Service
- Exhibit 118: Waitrose Ltd. – Key offerings
- 11.17 Wm Morrison Supermarkets Ltd.
- Exhibit 119: Wm Morrison Supermarkets Ltd. – Overview
- Exhibit 120: Wm Morrison Supermarkets Ltd. – Product / Service
- Exhibit 121: Wm Morrison Supermarkets Ltd. – Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 122: Inclusions checklist
- Exhibit 123: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 124: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 125: Research methodology
- Exhibit 126: Validation techniques employed for market sizing
- Exhibit 127: Information sources
- 12.5 List of abbreviations
- Exhibit 128: List of abbreviations
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