BizVibe Examines the Growth of UK’s Food Retail Market

BizVibe Examines the Growth of UK's Food Retail Market (Graphic: Business Wire)

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LONDON--()--UK’s food retail market has witnessed steady growth these last few years. Despite sales increasing from various avenues, market share is still dominated by four leading supermarket chains: Tesco, Sainsbury’s, ASDA, and Morrison’s. However, new trends have emerged as discount chains and e-commerce food retail are gaining popularity in the market. These trends have generated incredible impact for the UK food and beverage industry.

In a recent article titled Food Retail Market in UK Seeing Increased Growth, BizVibe takes a look at the latest developments and news from UK’s food retail market.

BizVibe notes that UK’s food retail market was valued around £179.1 billion (US$232.8 billion) in 2016. The market value is projected to grow nearly 10%, to £196.9 billion by 2021. Currently, over 70% of the market share in UK’s food retail sector is dominated by the four leading supermarket chains, including Tesco, Sainsbury’s, ASDA, and Morrison’s, of which Tesco is the largest food retailer in UK, with 28.2% market share.

However, the rise of food discounters such as Lidl and Aldi, as well as the fast-growing e-commerce for food retailing are expected to bring more competitions to the market in near future. The growth rate of food discounters’ sales has already outpaced the “big four”, posting an impressive 11% value growth rate in 2016. Meanwhile, the sales of online food retail continue to standout in UK’s food retail market with total value of £9.3 billion.

Read the entire article here

BizVibe is home to over seven million company profiles across 700+ industries total, including over 20,000 companies from UK’s food and beverage industry. Using BizVibe’s platform, users can generate leads, shortlist prospects, network with businesses from around the world, and trade seamlessly.

The BizVibe platform allows you to discover the highest quality leads and make meaningful connections with companies of interest, all in real-time. Claim your company profile for free and let BizVibe connect you with potential business partners. For mobile, don’t forget to connect on-the-go via BizVibe’s mobile app.

About BizVibe

The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.

BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.

Contacts

BizVibe
Jesse Maida
BizVibe Media & Marketing Executive
media@bizvibe.com

Release Summary

BizVibe examines the growth of UK’s food retail market. Recent trends, latest developments and news from UK’s food retail market.

Contacts

BizVibe
Jesse Maida
BizVibe Media & Marketing Executive
media@bizvibe.com