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Grocery Retail Market in UK to Grow by USD 56.2 Billion (2025-2029), rapid urbanization and rising consumer spending to boost revenue, Report on Market Evolution powered by AI – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The grocery retail market in UK size is estimated to grow by USD 56.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 3.8% 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., Ocado Retail Ltd., PROUDFOOT SUPERMARKETS, SPAR UK Ltd., Tesco Plc, Waitrose and Partners, and Wm Morrison Supermarkets Ltd..

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 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., Ocado Retail Ltd., PROUDFOOT SUPERMARKETS, SPAR UK Ltd., Tesco Plc, Waitrose and Partners, and Wm Morrison Supermarkets Ltd.

Key Market Trends Fueling Growth

The UK grocery retail market is thriving, with retail sales reaching record highs. End consumers drive demand for a wide range of products, including non-food items like clothing and household essentials. Retailers cater to diverse populations in big cities and ethnic markets, offering consumer-oriented features such as quality, variety, convenience, and competitive prices. Online grocery platforms are growing in popularity, providing curbside pickup and home delivery services. Automation, innovative operating models, and AI algorithms enhance efficiency and personalize the customer experience. Urbanization and a growing middle class increase demand for grocery retail, with supermarkets and omnichannel mass merchandisers like Whole Foods leading the way. Supply chain disruptions and shortages can impact sales, making imported products essential. Environmental regulations and blockchain technologies are shaping the future of the industry. Cooking at home remains a trend, driving sales of private label goods and food cupboard staples. 

The UK grocery retail market is experiencing a shift as shoppers combine traditional and online channels for their purchases. This trend puts pressure on distribution channels such as department stores, specialty stores, hypermarkets, and supermarkets. To attract customers, these retailers are focusing on innovative strategies, including the adoption of beacon technologies in department stores. This technology enhances customer interaction and is expected to positively impact the growth of the grocery retail market in the UK during the forecast period. 

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Market Challenges

Grocery retail in the UK faces several challenges in the dynamic retail landscape. Retail sales in this sector continue to grow, driven by end consumers’ demand for quality and variety in non-food products like clothing and household items. Retailers compete with online grocery platforms, requiring innovative operating models, automation, and AI algorithms for personalization and efficiency. Big cities and ethnic markets cater to diverse populations, with immigrants driving demand for consumer-oriented features. Consumer polarization pushes retailers to offer competitive prices, convenience through curbside pickup and home delivery services. Urbanization and a growing middle class increase demand for grocery retail, especially in food cupboard segments. Supply chain disruptions and shortages can impact sales, making importing products crucial. Environmental regulations and urbanization call for blockchain technologies to ensure transparency and traceability. Overall, grocery retailers must adapt to changing consumer behavior, supply chain complexities, and technological advancements to stay competitive.The UK grocery retail market faces a growing challenge from counterfeit goods, particularly in the fast-moving consumer goods (FMCG) sector. Counterfeit products, available both online and offline, are increasingly difficult for consumers to distinguish from genuine items. Major retailers are seeing sales decline due to this influx of fake products, damaging their reputation and that of legitimate manufacturers. Counterfeit brands undercut prices to gain market share, but the quality and durability of their products are inferior. This issue is negatively impacting the grocery retail industry in the UK.

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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 items, and condiments. Consumers’ preferences lean towards fresh bread, salty snacks, and cereals. This segment has experienced substantial growth due to the increasing popularity of snacks and continuous product innovation. With rising per capita income, there is a noticeable shift towards organic and gluten-free products. Frozen snacks, particularly among teenagers, have seen significant growth. Vendors are continually introducing new flavors and ingredients, focusing on offering healthy and nutritious options for children. For instance, General Mills Inc. Provides Organic Grapes Galore Fruit Juice Pops, certified organic and 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, driving sales across various demographics. The revenue from dairy products is projected to increase during the forecast period due to the introduction of new and innovative products. The growth in the foods and beverages segment will, in turn, contribute to the expansion of the UK grocery retail market.

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Research Analysis

The UK grocery retail market is a dynamic and diverse sector, serving end consumers with a wide range of products beyond just food. Retail sales in this industry continue to grow, driven by the convenience and consumer-oriented features offered by retailers. Online grocery platforms have gained significant traction, allowing consumers to order non-food items such as clothing, household items, and even greengrocers’ produce online for delivery or curbside pickup. Big cities and ethnic markets cater to the needs of immigrants and diverse populations, offering a variety of products and cultural specialties. Grocery retailers focus on quality, variety, and competitive pricing, with many investing in private label goods and strengthening their supplier networks to maintain a strong supermarket business. Omnichannel mass merchandisers further blur the lines between grocery and other retail categories, offering consumers a seamless shopping experience across channels. Consumer polarization continues to shape the market, with some opting for cooking at home while others rely on ready meals and takeaways. Overall, the UK grocery retail market remains a vibrant and evolving landscape, responding to the changing needs and preferences of consumers.

Market Research Overview

The Grocery Retail market in the UK is a dynamic and evolving industry, driven by the needs and preferences of end consumers. Retail sales in this sector continue to grow, with both traditional retailers and online grocery platforms vying for market share. Non-food products, including clothing and household items, are increasingly important categories. Urban areas, big cities, ethnic markets, and immigrant communities offer unique opportunities for retailers to cater to diverse consumer needs. Consumer-oriented features such as quality, variety, convenience, and competitive prices remain key drivers. Innovative operating models, automation, and AI are transforming the industry, with curbside pickup, home delivery services, and personalized product recommendations becoming increasingly popular. However, challenges such as supply chain disruptions, shortages, and imported product issues persist. The growing middle class, increasing urbanization, and environmental regulations are also shaping the market. Blockchain technologies are being explored to enhance transparency and traceability in the supply chain. Overall, the UK Grocery Retail market is an exciting and complex ecosystem, requiring continuous adaptation and innovation to meet the evolving needs of consumers.

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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DEKRA Korea to Acquire Global Product Service, Strengthening Consumer Electronics Testing and Certification Capabilities in Korea

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GIMHAE-SI, South Korea, April 20, 2026 /PRNewswire/ — DEKRA, a leading global provider of testing, inspection, and certification services, today announced it has signed a definitive agreement to acquire Global Product Service Co., Ltd (GPS), a prominent South Korean company renowned for its expertise in consumer electronics product testing and certification.

This strategic acquisition will significantly enhance DEKRA Korea’s capabilities within the rapidly growing consumer electronics sector, bringing together DEKRA’s global network and comprehensive service portfolio with GPS’s deep-rooted local knowledge and decades of experience serving South Korea’s leading manufacturers.

GPS has established a strong reputation for its in-depth technical expertise and unwavering commitment to quality, particularly within the consumer electronics market. For many years, GPS has been a trusted partner to major South Korean electronics companies, providing testing and certification services that ensure product safety, performance, and compliance with international standards.

The successful acquisition is a result of the strong collaboration and commitment from both DEKRA and GPS. Key representatives who participated in the signing, embodying this collaboration, were Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region; Ming Sheng, Vice President of Automotive Testing, DEKRA China; Young Seok Lee, CEO of Global Product Service Co., Ltd; and Seong Su Kim, Director of Global Product Service Co., Ltd.

“We are thrilled to welcome Global Product Service Co., Ltd to the DEKRA family,” said Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region. “This acquisition represents a significant milestone in our growth strategy in South Korea. GPS’s deep understanding of the local market, combined with their specialized expertise in consumer electronics, perfectly complements DEKRA’s global strengths. Together, we will offer unparalleled testing and certification solutions to our clients, empowering them to bring innovative and reliable products to market with greater speed and confidence.”

The integration of GPS into DEKRA Korea will leverage synergies in technology, talent, and market reach. This will enable DEKRA to further support South Korean manufacturers as they navigate complex global regulatory landscapes and strive for excellence in product development and quality assurance. Clients can expect a seamless transition and continued access to the high-quality services they have come to rely on from both organizations.

Young Seok Lee, CEO of Global Product Service Co., Ltd commented, “Joining forces with DEKRA is an exciting opportunity for GPS. DEKRA’s global reach and extensive resources will allow us to expand our service offerings and better serve our existing and future clients. We are confident that this partnership will create significant value for the South Korean consumer electronics industry, providing enhanced support and innovation.”

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

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SOURCE DEKRA Asia Pacific

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BLUETTI Showcases Integrated PAYGO Energy Solution at Canton Fair, Expanding Partnership Opportunities in Africa

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GUANGZHOU, China, April 20, 2026 /PRNewswire/ — From April 15-19, 2026, at the 139th Canton Fair, clean energy innovator BLUETTI presented an integrated Pay-As-You-Go (PAYGO) solution that combines digital distribution tools with off-grid energy products, as the company expands its presence in emerging markets, particularly across Africa.

The solution brings together BLUETTI’s proprietary BLUETTI GO platform and a range of PAYGO-enabled solar home systems, reflecting a broader shift in the industry from standalone hardware sales to more structured distribution and financing models.

PAYGO has gained traction in regions where upfront costs remain a key barrier to energy access. By enabling installment-based payments and remote device management, the model allows consumers to access electricity services with lower initial investment, while offering distributors greater visibility into repayment and asset performance.

BLUETTI GO serves as a centralized platform for distributors, integrating sales tracking, inventory control, credit profiling, payment overdue tracking, risk monitoring, and operational analysis. These features are designed to help partners operate more efficiently and support long-term business planning in PAYGO-driven markets.

The company’s product lineup includes entry-level solar home systems such as the P80(battery capacity 76.8Wh), to African Star (battery capacity 1728Wh), designed for basic electricity needs, as well as the higher-capacity Home Star (battery capacity 2kWh-5kWh) series for off-grid household energy storage. These systems can be deployed independently or bundled with appliances such as televisions, fans, and lighting equipment.

As demand for decentralized energy solutions grows across Africa, supported by both public and private investment in renewable infrastructure, PAYGO models are playing a larger role in bridging the gap between energy access and affordability. 

Driven by product breakthroughs and innovative business practices, BLUETTI has been enlarging its footprint in the region in recent years. The company operates across more than 40 African countries, supported by local teams and pilot programs, including a Nigerian initiative launched in 2020 that has expanded into a network of branded retail outlets.

About BLUETTI

Founded in 2013, BLUETTI is a leading global provider of energy storage solutions, specializing in home solar batteries, portable power stations, and solar generators. Through initiatives like the LAAF (Lighting Africa Affordable Financing program), BLUETTI aims to power 1 million African families in off-grid areas. Today, it serves over 3.5 million users in 140+ countries and regions. Learn more: https://bluetti.com/

Photo – https://mma.prnewswire.com/media/2960004/paygo_leads_______1.jpg

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Moomoo Pioneers the Era of Agentic Investing with Launch of Moomoo API Skills

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The first AI-powered API Skills that turn trading ideas into execution — no coding required

KUALA LUMPUR, Malaysia and SINGAPORE, April 15, 2026 /PRNewswire/ — Moomoo today announced the launch of Moomoo API Skills, its AI-powered capability that enables investors to execute sophisticated trading strategies using natural language — marking a major leap in making institutional-grade tools accessible to all.

This breakthrough positions Moomoo at the forefront of a new era of investing, where anyone with an idea can turn it into action — without writing a single line of code.

A First-of-Its-Kind Breakthrough in Investor Accessibility

For years, advanced trading capabilities such as algorithmic strategies, real-time automation, and multi-market data access have long been limited to professional traders.

Moomoo API Skills removes this barrier.

Investors can now describe their strategy in plain language, from technical signals to execution conditions, and have it translated into live or simulated trades instantly.

“This is the first time Wall Street-level trading capability is made truly accessible through everyday language,” said Robin Xu, Group Senior Partner & Senior Vice President, Futu Holdings. “We are not just simplifying trading tools — we are redefining who gets to use them.”

From Tools to Trading Assistants

Moomoo API Skills introduces a new paradigm of agentic investing, where AI acts as an execution partner rather than a passive tool.

Instead of navigating complex systems, investors can:

Describe their strategyLet AI translate it into execution logicMonitor and respond to markets in real time

This effectively creates an always on trading assistant, enabling faster and more structured decision making.

Institutional Capabilities Made Accessible

Built on Moomoo’s Open API ecosystem, the capability provides:

Zero code strategy executionGlobal market access across US, Singapore, Hong Kong SAR, Japan, and moreReal time monitoring and automated triggers

At the same time, Moomoo maintains strong control and security through its local-first architecture powered by Moomoo OpenD, where:

Data remains on the user’s local environmentExecution requires user confirmationExposure to third party risks is reduced

Closing the Execution Gap

Today’s investors are not short of information, but often face challenges in executing consistently and efficiently. Moomoo API Skills is designed to close this gap by simplifying how strategies are expressed and carried through. It also strengthens Moomoo’s ecosystem, including Moo Academy, MooveNetwork and the Option Playbook, enabling a seamless journey from learning to execution.

“The challenge today is no longer access to information, but the ability to act on it effectively,” said Xu.
“Moomoo API Skills helps investors translate intent into structured action while keeping them fully in control.”

Pioneering the Next Phase of Investing

The launch reflects a broader shift in investing, from tool based platforms to intent driven systems. With Moomoo API Skills, investors can define what they want to achieve, while intelligent systems handle how it is executed. This creates a more direct and structured path from idea to action, allowing investors to focus on strategy rather than operational complexity.

“We believe the next phase of investing is agentic — where investors define their intent and intelligent systems help carry out strategies. With Moomoo API Skills, investors can turn their ideas into structured strategies that can be tested and executed seamlessly within a single environment. Our focus is on enabling this in a way that enhances decision-making while keeping investors fully in control, bringing a more intuitive and accessible approach to strategy-driven investing,” said Xu.

About Moomoo

Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, Moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

Founded in the US, Moomoo has expanded its global presence to serve investors across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand. As a subsidiary of a Nasdaq-listed company, Moomoo is trusted by more than 29 million investors worldwide and has earned recognition from leading financial institutions and publications for its innovation and reliability.

For more information, please visit Moomoo’s official website at www.moomoo.com

Disclaimers

The contents herein do not constitute an offer, solicitation or recommendation to invest in any capital market products. Investors should understand the risks involved in relation to the products and services, conduct their own risk assessment and seek professional advice, where necessary. Investors should compare and consider the fee, charges and costs involved. Past performance is not indicative of future performance.

This document has not been reviewed by the Securities Commission Malaysia. Please refer to the Advertisement Disclaimer on our website.

Investments in capital market products involve risk. Full disclaimers at www.moomoo.com/sg/support/topic5_510. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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