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Analyst Opinions
NewUnited Kingdom (UK) Personal Lines Insurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Personal Lines Insurance Market Report Overview The direct channel was the preferred choice for personal insurance purchases in the UK in 2023. Consumers are increasingly opting for online insurance purchases driving insurers and distributors to continue enhancing their online capabilities. Consumers prioritize affordability and trustworthiness when selecting an insurance provider, regardless of distribution channel. Hence, across all lines of distribution, the primary factors influencing consumers’ choice is either related to the cost of premiums or the provider’s...
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Sector Analysis
NewUnited Kingdom (UK) Easter Market Analysis, Trends, Consumer Attitudes and Buying Dynamics, 2024 Update
United Kingdom (UK) Easter Market Report Overview The proportion of consumers agreeing that they did more Easter activities this year versus last year waned in 2024, as consumers opted for other activities during the long weekend. However, among those consumers with children, participation remained high, with over 62% of consumers with their youngest child being between 0-4 years of age agreeing that they did more Easter-related activities this year. As a result, retailers promoted various activities to encourage participation in...
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Analyst Opinions
NewUnited Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023 Update
United Kingdom (UK) Bancassurance Distribution Market Overview Bancassurance represents a strategic alliance between banks and insurance companies, designed to offer customers the convenience of purchasing insurance products in conjunction with banking services. The banking channel accounts for the highest share of total personal and commercial lines distribution in 2023. App purchases through the bank channel increased with no other channel recording a higher proportion of purchases via apps. This could be because of banks’ intensified focus on digitalization, resulting in...
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Track & Monitor
NewEurope Retail Market Review by Sector, Country and Consumer Insights, Q1 2024 Update
Europe Retail Market Report Overview The European retail market size was EUR 4,069.6 billion in 2023. The European retail market is forecast to have a CAGR of more than 3% among all continents between 2023 and 2028. As a result of the high inflation and economic uncertainties experienced throughout Europe, consumers have become more likely to cut costs, especially on purchases of non-essential goods. Europe Retail Market Outlook 2023-2028 (EUR Billion) Buy the Full Report for More Insights into the...
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Sector Analysis
NewUnited Kingdom (UK) Mother’s Day Market Analysis, Trends, Consumer Attitudes and Buying Dynamics, 2024 Update
United Kingdom (UK) Mother’s Day Market Report Overview The report suggests that over a third of male consumers agreed they spend more on taking their mother for a meal than buying a tangible gift. Indeed, if retailers cannot make gifting selections more appealing, consumers will turn to leisure over retail to mark the occasion. Therefore, retailers must promote experience gifts, which grew in popularity this year to compete with leisure options, such as dining out. The UK Mother’s Day market...
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Product Insights
NewUnited Kingdom (UK) Pet Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Pet Insurance Market Report Overview In 2023, less than 40% of all customers renewed their policies with their existing provider. Customers preferred to renew policies for both dog and cat insurance. This year the proportions of customers who shopped around for dog and cat insurance grew by more than 1 pp compared to 2022. The United Kingdom (UK) Pet Insurance Distribution Dynamics by Channels and Future Market report explores how purchasing preferences have changed over time. It...
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Product Insights
United Kingdom (UK) Travel Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Travel Insurance Market Report Overview The UK travel insurance market research report offers insights into consumer purchasing decisions within the travel insurance scenario and discusses their influence on the market over the next few years. In 2023, more than 24% of travel insurance purchases were via PCWs, which suggests that consumers want more details from their providers about their coverage levels, policy options, and premium pricing. Additionally, single-trip policies maintained their popularity during the year Leading Distribution...
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Sector Analysis
United Kingdom (UK) Valentine’s Day – Analyzing Market, Trends, Consumer Attitudes and Major Players, 2024 Update
United Kingdom (UK) Valentine’s Day Market Report Overview The proportion of UK consumers shopping for Valentine’s Day has declined in 2024. Muted interest in spending on retail has significantly contributed to the decline in Valentine’s Day shopping. The other key factor influencing the decline is the diminishing significance of Valentine’s Day. As consumers continue to feel the impact of inflation, over 50% of consumers agree that the cost-of-living crisis has reduced spending for the occasion. They are more likely to...
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Analyst Opinions
Evolution of Clean Label in Household Care and Laundry – Industry Insights
Evolution of Clean Label in Household Care and Laundry Industry Report Overview "Clean-label” household care products tend to include natural ingredients instead of synthetic ingredients or "harsh" chemicals, as well as exhibiting sustainability credentials like recyclable packaging. Heightened health and well-being concerns are reflected in consumers' preference for health and wellness and immunity-boosting products. Likewise, increased awareness of sustainability issues amid a rising frequency of extreme weather events has resulted in proactive efforts to reduce carbon footprints. For this purpose,...
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Sector Analysis
United Kingdom (UK) Womenswear Market Size and Trend Analysis by Category, Segments, Region, Key Brands, and Forecast to 2028
UK Womenswear Market Overview The UK womenswear market size was estimated to be £24.8 billion in 2023. The market will witness steady growth at a CAGR of more than 1% during 2023-2028 due to long-term economic improvement. United Kingdom (UK) Womenswear Market Outlook 2023-2028 (£ Billion) Buy the Full Report for More Insights into the UK Womenswear Market, Download a Free Report Sample The UK womenswear market research report offers comprehensive insightsinto the womenswear market in the UK along with the...