UK Convenience Retailing Market to See Strong Growth through 2022, Says GlobalData in Its In-Demand Topical Report Available at MarketPublishers.com19 Jan 2018 • by Natalie Aster
LONDON – The convenience retailing market in the UK is forecast to maintain strong growth during 2017-2022, outperforming the overall food and grocery market by 2.4%. The main growth engine of this market is the rising demand for ‘speed and ease of purchase’. Over 2017-2022, the convenience retailing market in the UK is expected to account for almost 30% of the food and grocery market. The UK convenience retailing market is predicted to increase by 22% during 2017-2022.
The market share of the multiples is likely to grow at the highest rate. Sales for the multiples are set to increase by 30.3% in the next 5 years, thus expanding their market share to appr. 39.9% by late 2022. Meantime, the symbols are also anticipated to perform well with sales expected to increase by 23.6% through to 2022.
Presently, changing shopping habits of millennials are viewed as one of the important factors influencing the UK convenience retailing market dynamics. Nearly 25.3% of 24-35 year old consumers in the country use convenience stores for their weekly shopping, and around 48.6% of 16-24 year old consumers use them to pick up food-on-the-go products.
The in-demand topical research report “Convenience Retailing in the UK 2017” elaborated by GlobalData presents a comprehensive analysis of the UK convenience retailing market, covering the market structure, dynamics, major growth influencing forces, landscape and segmentation in detail.
This research report sheds light on the prevailing market development trends, discusses the hottest issues associated with convenience retailing in the UK, touches upon the major consumer motivations, reviews the key strategies for success as well as outlines future growth opportunities and challenges. Besides, this report includes updated statistics on the convenience retailing market performance in the UK, uncovers important data on consumers and their shopping habits and preferences, presents future forecasts for the country’s convenience retailing market development in the near future, etc.
Many other in-demand research reports by this publisher are at hand in GlobalData online catalogue at MarketPublishers.com.