United Kingdom (UK) Convenience Retailing Market Size, Trends, Consumer Attitudes and Key Players, 2024-2029
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The GlobalData UK Convenience Retailing 2024-2029 report offers comprehensive insight and analysis of the convenience channel in the UK, the main trends and hot issues, major players and consumer shopping behaviour.
The UK convenience retail market will experience a slower CAGR between 2024 and 2029, than the previous five years from 2019 to 2024. Intensifying store expansion by grocers in 2025 and 2026 will be the key driver of market growth. The market faces challenges from rising food inflation putting pressure on household budgets, leading to potential volume declines in the convenience channel.
Scope
The UK Convenience Retailing report provides a comprehensive analysis and forecast of the convenience channel, offering insights into consumer behaviour, economic factors affecting the channel and retailer performance. This report aims to serve as a valuable resource for retail businesses, investors, policymakers, and other stakeholders interested in the future of the convenience market in the UK.
Key Highlights
The UK convenience channel will achieve a slower CAGR between 2024 and 2029 than the previous five years (2019 and 2024), as the market becomes more consolidated and fluctuations in hybrid working patterns settle.
Food & drink sales dominate the convenience store sector, accounting for almost 90% of convenience store sector spend.
Consumers in the UK aged 16 to 24 are significantly underrepresented in grocer loyalty schemes, despite having a strong interest in discounts.
Reasons to Buy
Identify the key retailers used by consumers to purchase products in the convenience channel.
Understand the key drivers behind consumers visiting convenience stores, and the services used in this location.
Use our in-depth analysis of the challenges faced by the convenience stores market, and what existing retailers must to do keep consumers visiting this location.
View our forecasts for convenience stores up to 2029, including which sectors are expected to prosper in the next five years.
Co-op
Costcutter
Little Waitrose
Londis
M&S Simply Food
Morrison's Daily
Nisa
One Stop
Sainsbury's Local
Spar
Tesco Express
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