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Grocery Retail Market in the UK to Grow by USD 44.8 Billion (2024-2028), Driven by Urbanization and Consumer Spending, AI Redefines Market Landscape – Technavio

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NEW YORK, Jan. 21, 2025 /PRNewswire/ — Report with market evolution powered by AI – The grocery retail market in UK size is estimated to grow by USD 44.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 3.2% during the forecast period. Rapid urbanization and rising consumer spending is driving market growth, with a trend towards innovative store layouts and offerings to amplify customer experience. However, threat from counterfeit grocery products poses a challenge. Key market players include Amazon.com Inc., B and M Retail Ltd, Carrefour SA, Costco Wholesale Corp., EG Group, EH Booth and Co. Ltd, Farmfoods Ltd., Heron Foods Ltd., HOFER KG, Iceland Foods Ltd., Lidl US LLC, Marks and Spencer Group plc, McCormick and Co. Inc., National Coop Grocers, Ocado Retail Ltd., PROUDFOOT SUPERMARKETS, SPAR (UK) Ltd., Tesco Plc, Waitrose and Partners, and Wm Morrison Supermarkets Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Food and beverages and Non food), Distribution Channel (Hypermarkets and supermarkets, Convenience stores, Discount stores, Online, and Others), and Geography (Europe)

Region Covered

UK

Key companies profiled

Amazon.com Inc., B and M Retail Ltd, Carrefour SA, Costco Wholesale Corp., EG Group, EH Booth and Co. Ltd, Farmfoods Ltd., Heron Foods Ltd., HOFER KG, Iceland Foods Ltd., Lidl US LLC, Marks and Spencer Group plc, McCormick and Co. Inc., National Coop Grocers, Ocado Retail Ltd., PROUDFOOT SUPERMARKETS, SPAR (UK) Ltd., Tesco Plc, Waitrose and Partners, and Wm Morrison Supermarkets Ltd.

Key Market Trends Fueling Growth

In the UK grocery retail market, shoppers are adopting a blend of traditional and online shopping channels. Traditional retailers, including department stores, specialty stores, hypermarkets, and supermarkets, face competition from e-commerce. The prevalence of smartphones offers an opportunity to merge physical and digital shopping experiences through IoT devices like Beacons. These devices enable location-based services, allowing retailers to target customers precisely. Amid the COVID-19 pandemic, UK retailers and supermarkets introduce various technologies, such as 3D sensor tech, enhancement and metrics, to ensure consumer safety and curb the virus’s spread. Beacons’ adoption in department stores is expected to rise, boosting sales through increased customer interaction, and positively impacting the grocery retail market growth during the forecast period. 

The UK grocery retail market is experiencing significant trends driven by convenience, with curbside pickup and home delivery services gaining popularity. Competitive prices remain a key factor, catering to a large population and growing middle class. Urbanization and increasing automation are shaping innovative operating models, including the use of Artificial Intelligence (AI) for personalization and efficiency. AI algorithms analyze purchase history and browsing behavior to provide targeted product recommendations and promotions, enhancing customer experience. Supply chain disruptions, shortages, and imported products pose challenges, while online grocery sales continue to rise due to consumer polarization and cooking at home. Grocery retailers offer private label goods and leverage supplier networks to stay competitive. Supermarkets and omnichannel mass merchandisers like Whole Foods adapt to delivery options and the food cupboard segment. Environmental regulations and urbanization push for blockchain technologies to ensure transparency and traceability. 

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Market Challenges

The UK grocery retail market faces a growing challenge from counterfeit products, particularly in the areas of fast-moving consumer goods (FMCGs) and electronics. Counterfeiters are flooding the market with imitation goods, making it increasingly difficult for consumers to distinguish them from genuine items. This trend is particularly prevalent in online and e-commerce channels. The proliferation of counterfeit products negatively impacts the sales of major retailers and damages the reputation of legitimate manufacturers. Counterfeit brands undercut prices of authentic products, but their quality and durability are inferior. The production costs for counterfeit goods are low, enabling mass production. Consumers are often misled by imitation packaging and product names, especially in rural regions. Moreover, the sale of counterfeit grocery products poses a serious health risk due to unsanitary production conditions and potentially hazardous ingredients. The threat from counterfeit grocery products is expected to intensify, particularly after 2022, due to the expansion of e-commerce and the increasing demand for organic and premium products, which often have higher profit margins. This situation poses a significant hurdle for the growth of the UK grocery retail market.In the UK grocery retail market, browsing behavior and targeted product recommendations are key challenges for retailers. Consumers prefer convenience and personalized offers, requiring advanced technology and data analysis. Promotions and customer engagement are essential for sales growth, but supply chain disruptions and shortages can impact stock availability. Imported products, especially fresh produce, face uncertainty due to Brexit and environmental regulations. Online grocery sales are increasing, polarizing consumers between traditional supermarkets and online platforms. Urbanization and consumer preferences for cooking at home drive demand for private label goods and non-food items like clothing and household items. Grocery retailers must adapt to omnichannel mass merchandisers, supermarket business models, and competition from Whole Foods and other niche players. Delivery options, food cupboard segments, and supplier networks are crucial for success. Blockchain technologies offer potential solutions for transparency and traceability. Retailers must cater to diverse consumer needs, including ethnic markets and immigrant communities, while maintaining quality and variety.

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Segment Overview

This grocery retail market in UK report extensively covers market segmentation by

Product 1.1 Food and beverages1.2 Non foodDistribution Channel2.1 Hypermarkets and supermarkets2.2 Convenience stores2.3 Discount stores2.4 Online2.5 OthersGeography 3.1 Europe

1.1 Food and beverages- The UK grocery retail market’s foods and beverages segment encompasses a diverse range of products, including fruits and vegetables, dairy, frozen foods, meat, baked goods, snacks, canned foods, and condiments. Popular items within this segment consist of fresh bread, salty snacks, and cereals. This sector has experienced substantial growth due to the increasing preference for snacks and innovative product offerings from vendors in terms of flavors. With rising per capita income, consumers are shifting towards organic and gluten-free options, diverging from traditional products. The demand for frozen snacks, particularly among teenagers. Vendors are continuously introducing new flavors and health-conscious ingredients to cater to this trend. For instance, General Mills Inc. Offers Organic Grapes Galore Fruit Juice Pops, a certified organic product made from real fruit juice. The dairy product segment comprises milk, milk alternatives, cheese, yogurt, and butter. Plant-based milk beverages have gained significant traction among millennials and lactose-intolerant consumers, fueling sales across various demographics. The revenue from dairy products is projected to expand during the forecast period as vendors introduce an array of new offerings. The growth in the foods and beverages segment will, consequently, propel the expansion of the UK grocery retail market.

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Research Analysis

The UK grocery retail market is a vibrant and diverse sector, catering to the needs of end consumers in both urban and rural areas. Retail sales in this market have seen consistent growth, driven by the demand for a wide range of products including food and non-food items such as clothing, household items, and greengrocers. In big cities, consumers seek convenience and variety, leading to the popularity of online grocery platforms. Ethnic markets and immigrant communities contribute significantly to the market’s diversity, with a demand for specific products and consumer-oriented features like quality and variety. The supermarket business is dominated by traditional retailers, but omnichannel mass merchandisers are gaining ground with their curbside pickup and home delivery services. Private label goods and supplier networks are key strategies for retailers to differentiate themselves and compete effectively. Cooking at home remains a consumer trend, driving sales of grocery retailers. Online grocery sales continue to grow, with consumer polarization between those who prefer the convenience of home delivery and those who value the sensory experience of shopping in-store.

Market Research Overview

The Grocery Retail market in the UK is a vibrant and dynamic sector, driven by the needs and preferences of end consumers. Retail sales in this industry continue to grow, fueled by the convenience and variety of products offered by retailers. Both traditional grocers and online grocery platforms cater to the demand for non-food items such as clothing and household items, as well as fresh produce from greengrocers and ethnic markets. Big cities and immigrant communities contribute significantly to the market’s growth, with consumer-oriented features like quality, variety, and competitive prices being key drivers. Curbside pickup and home delivery services have gained popularity, particularly in urban areas where time is a precious commodity. The growing middle class and increasing urbanization have led to innovative operating models, automation, and the use of artificial intelligence (AI) to enhance efficiency and personalize the customer experience. AI algorithms analyze purchase history and browsing behavior to provide targeted product recommendations and promotions, while supply chain disruptions and shortages are addressed through imported products and blockchain technologies. Environmental regulations and consumer polarization towards cooking at home have also influenced the market, with private label goods and supplier networks becoming increasingly important for supermarkets and omnichannel mass merchandisers like Whole Foods. Delivery options and the food cupboard segment continue to evolve, offering consumers a wide range of choices and convenience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFood And BeveragesNon FoodDistribution ChannelHypermarkets And SupermarketsConvenience StoresDiscount StoresOnlineOthersGeographyEurope

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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