Intro to new UK Food & Grocery report 2020 from GlobalData

UK food and grocery spend is expected to rise by 15.0% to £174.5bn in 2024, ahead of growth seen from 2014 to 2019, as macro-economic conditions are set to improve and the lure of the discounters Aldi and Lidl begin to wane. However, while a recovery in volume growth is forecast, overall market growth will remain driven by inflationary pressures over the next five years.

Some of the analysis found in this report:

Sustainability is becoming an increasingly visible metric against which consumers rate supermarkets With almost a quarter of all consumers identifying as having a dietary requirement, supermarkets now need to fully integrate free-from ranges into their proposition While l-f-l sales growth at the discounters is beginning to show signs of slowing, aggressive expansion plans from Aldi and Lidl - coupled with growing consumer awareness of the food proposition at non-food specialists such as B&M and Poundland - will see the discounter channel grow 25.0% over the next five years