;
COVID-19 SERVICE: We are heightening our efforts to assist the UK retail & leisure industry through this challenging period. Explore this service now… COVID-19 SERVICE

UK Food & Grocery Sector Report | Insight & Analysis

October 2024

What's included in this report?

  • Grocery Market Share - Top 10 UK Food retailers
  • Food & Grocery Market Size estimates (£m)
  • Sales Growth by category
  • Total Food Spending by category (£m)
  • Online Grocery Sales (y-o-y)
  • Forecasts for 2024 - 2028
  • Footfall by channel and region
  • Regional Weather data and more…

UK Food & Grocery Sector Report : October 2024

Access report with a free trial subscription

No payment required. Free for 30 days. Cancel anytime

Report Summary

Period covered: 30 June – 27 July 2024

3 minute read

 

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

Food & Grocery Sales

Food & Grocery sales rose xx% YoY in July, according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted). Key factors impacted this performance:

Summer of sport: The combination of England reaching the Euro 2024 football final, Wimbledon and the start of the Paris Olympics supported grocery spending in July, as households stocked up on party essentials, drinks and snacks to watch the events unfold.

Warm weather: July's weather was mixed, with below-average temperatures across the UK for the first two weeks. However, the latter part of July saw a shift, with the hottest day of the year recorded on July 19th at 31.9°C in London, followed by another peak of 32°C on July 30th. Warmer temperatures spurred sales of summer ranges, including BBQ foods, providing a seasonal lift.

Stable inflation: Lower food inflation, compared to double-digit price rises a year ago, is contributing to slower growth in value terms, but is supporting a recovery in volumes.

Improving finances: Importantly, earnings growth is now outpacing inflation, supporting a recovery in discretionary incomes among typical households. 

Promotional activity: Despite growing real wages, households remain cautious, and willing to shop around for deals. To drive store visits and capture share, retailers continue to lean into promotions, with consumer spending on promotions up xx% YoY in July (Kantar).

 

Take out a FREE 30 day membership trial to read the full report.

Online grocery sales time series

Source: ONS

Latest monthly UK Food & Grocery Sector Report

Report: July 2024 3 minute read Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to ac... read more
Report: May 2024 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: April 2024 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
View Archive

Need more insight on UK retail?

Try a FREE 30 day trial subscription

How it works
  • Free for 30 days, no payment details, cancel anytime
  • Create account and log into your retail insight dashboard
  • Download free retail economic and sector reports
  • Download thought leadership reports and presentations
  • Access time series data and much more…
Get insight with a FREE trial subscription

Trusted by

    Sainsburys Argos O2 Barclays Warner Bros Akznobel Sky British Land

Report Contents

UK Food & Grocery Sector Report Report
  • Executive Summary
  • Sector analysis
  • Food & Grocery – Retail Economics Index
  • Food – BRC-KPMG Retail Sales Monitor
  • By Size of Retailer – Office for National Statistics
  • Macro Factors
  • Consumers
  • Footfall
  • Labour market
  • Earnings
  • Costs, Prices and Margins
  • Weather Watch
  • Average Temperature
  • Average sunshine hours
  • Average Rainfall

3 reasons to use us


You get access to proprietary data 

Get a competitive advantage with our proprietary data and analysis so you can rise above the competition

 

 


Accelerate your data intake and understanding

We analyse, summarise and interpret a wealth of different official data sources so you can accelerate your understanding of the industry 


We focus on actionable insight in our reports

Our extensive use of official data sources and ability to cut through complex issues will help you make better decisions - leaving you with real, actionable insight.

About our reports and subscriptions

Retail Economics publishes monthly Retail Sector Reports for the UK Food & Grocery sector giving you actionable insights for your business.

 

It provides in-depth analysis of the latest macroeconomic and consumer trends affecting UK supermarkets and grocers including market size estimates for: Fresh & Chilled, Ambient, Alcohol and Tobacco, Non-Alcoholic and Frozen sectors.

Other popular retail reports

Top