United Kingdom (UK) Convenience Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2021-2026
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United Kingdom (UK) Convenience Retailing Market Overview
The UK convenience market size was GBP 38.0 billion in 2021. The market is expected to grow at a CAGR of more than 2% during the forecast period. The UK convenience market witnessed an impressive boost in 2020 as consumers shopped closer to home and relied more heavily on their local stores – leading to range diversification, especially at the independents, which boosted average basket size and visit frequency. Volumes will be down, especially in neighbourhood locations, but inflation will help to offset this. The level of growth will gradually pick up from 2023.
The United Kingdom (UK) convenience retailing market research report will help you to understand how drivers of convenience purchases, such as range, price and quality, vary in importance among different demographics in order to maximize sales potential. The report also provides analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.
UK Convenience Retailing Market Outlook 2021-2026 (GBP Billion)
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Key United Kingdom Convenience Retailing Market Drivers
Inflation, shopping local, Q-commerce, and ambient retailing are the key drivers in the UK convenience retailing market.
Inflation: Despite retailer efforts to keep prices low for consumers with price holds and price cuts, they are being forced to pass on some of the rising costs onto consumers. Spend on food will rise and take a larger proportion of the household budget, but volumes will fall as consumers cut back.
Shopping Local: The pandemic led to many consumers shopping in their local areas, benefiting neighborhood convenience players. While footfall will drop in 2022 given the high comparatives of 2020 and 2021, the long-term trend of more consumers working from home will support the convenience channel. Ranges have also improved as a result of increased traffic, with more fresh goods, locally sourced items and more premium/specialty wines & spirits, supporting future appeal.
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Key Categories in the UK Convenience Retailing Market
The key categories in the UK convenience retailing market are food, tobacco & e-cigarettes, alcoholic drinks, health & beauty, household products, and others. In 2021, the food category dominated the UK convenience retailing market.
UK Convenience Retailing Market by Categories, 2021 (%)
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Key Channels in the UK Convenience Retailing Market
The key channels in the UK convenience retailing market are multiples, symbols, co-operatives, independents, and forecourts.
UK Convenience Retailing Market Analysis by Channels, 2021 (%)
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Leading Retailers in the UK Convenience Retailing Market
The leading retailers in the UK convenience retailing market are Tesco, Co-op, Marks & Spencer, SPAR, Sainsbury’s, NISA, Premier, McColls, and Londis.
UK Convenience Retailing Market Analysis by Retailers, 2021 (%)
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Scope
- The UK convenience market witnessed an impressive boost in 2020 as consumers shopped closer to home and relied more heavily on their local stores—leading to range diversification, especially at the independents, which boosted average basket size and visit frequency.
- Players highly exposed to urban areas and forecourts, namely Tesco and Sainsbury’s, saw footfall decline during COVID as consumers worked from home and stayed local. These players will see share pick up in 2022 as neighborhood convenience stores suffer a decline in footfall as consumers return to the office and shift spend to high street discounters.
- The pandemic has accelerated the shift to online, especially within food & grocery.
Reasons to Buy
- Using our five year forecasts to 2026, learn which areas of the convenience market will be the fastest performing to enable focus and investment in these winning product areas.
- Understand how drivers of convenience purchases, such as range, price and quality, vary in importance among different demographics in order to maximize sales potential.
- Use our in-depth analysis of the challenges faced by key retailers in the sector in order to understand how to steal shoppers and market share.
B&M
Home Bargains
Iceland
Lidl
Poundshop.com
Poundstretcher
Poundland
Tesco
Sainsbury's
ASDA
Amazon
Getir
Gorillas
Spar
Co-op
Marks & Spencer
Table of Contents
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Figures
Frequently asked questions
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What was the UK convenience market size in 2021?
The UK convenience market size was GBP 38.0 billion in 2021.
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What is the growth rate of UK convenience market?
The market is expected to grow at a CAGR of more than 2% during the forecast period.
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Which are the key drivers in the UK convenience retailing market?
Inflation, shopping local, Q-commerce, and ambient retailing are the key drivers in the UK convenience retailing market.
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What are the key inhibitors in the UK convenience retailing market?
Trading down, reduced city centre footfall, Q-commerce, and inflation are the key inhibitors in the UK convenience retailing market.
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What are the key categories in the UK convenience retailing market?
The key categories in the UK convenience retailing market are food, tobacco & e-cigarettes, alcoholic drinks, health & beauty, household products, and others.
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What are the key channels in the UK convenience retailing market?
The key channels in the UK convenience retailing market are multiples, symbols, co-operatives, independents, and forecourts.
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Which are the leading retailers in the UK convenience retailing market?
The leading retailers in the UK convenience retailing market are Tesco, Co-op, Marks & Spencer, SPAR, Sainsbury’s, NISA, Premier, McColls, and Londis.
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