How big is the grocery market in the United Kingdom?
In 2018, the size of the grocery market was about 190 billion British pounds. The market has been growing since 2004. Between 2013 and 2016 growth slowed down but accelerated again in recent years. The market is estimated to be worth 193.6 million pounds in 2019.
Grocery retail channels
It is estimated that that in 2019 Supermarkets will be the largest sales channel for grocery retail with a value of 90 billion pounds. Online channels are expected to amount to 11.6 billion pounds. Weekly online sales for food stores have stagnated from the third quarter of 2018 to the second quarter of 2019 at around 173.5 million pounds per week.
UK grocery market
The five leading companies on the grocery market are Tesco, Sainsbury’s, Asda, Morrisons, and Aldi. It was only the German discounter Aldi that saw rapid growth and has proven to be a significant disruptive force on the market. On average, the monthly UK grocery basket for June 2018 had a value of 85.64 pounds. This constitutes a stagnation since the end of Autumn 2017.
Market value of grocery retail in the United Kingdom (UK) from 2004 to 2019
(in billion GBP)
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IGD. (June 20, 2019). Market value of grocery retail in the United Kingdom (UK) from 2004 to 2019 (in billion GBP) [Graph]. In Statista. Retrieved July 15, 2020, from https://www.statista.com/statistics/330171/grocery-retail-market-value-in-the-united-kingdom-uk/
IGD. "Market value of grocery retail in the United Kingdom (UK) from 2004 to 2019 (in billion GBP)." Chart. June 20, 2019. Statista. Accessed July 15, 2020. https://www.statista.com/statistics/330171/grocery-retail-market-value-in-the-united-kingdom-uk/
IGD. (2019). Market value of grocery retail in the United Kingdom (UK) from 2004 to 2019 (in billion GBP). Statista. Statista Inc.. Accessed: July 15, 2020. https://www.statista.com/statistics/330171/grocery-retail-market-value-in-the-united-kingdom-uk/
IGD. "Market Value of Grocery Retail in The United Kingdom (Uk) from 2004 to 2019 (in Billion Gbp)." Statista, Statista Inc., 20 Jun 2019, https://www.statista.com/statistics/330171/grocery-retail-market-value-in-the-united-kingdom-uk/
IGD, Market value of grocery retail in the United Kingdom (UK) from 2004 to 2019 (in billion GBP) Statista, https://www.statista.com/statistics/330171/grocery-retail-market-value-in-the-united-kingdom-uk/ (last visited July 15, 2020)
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