Forecast: Turnover in Retail Sale in Non-Specialized Stores with Food, Beverages or Tobacco Predominating Sector in the UK

The turnover in the UK retail sector for non-specialized stores with food, beverages, or tobacco predominating is forecasted to increase steadily from 2024 to 2028. The year-on-year growth is modest, showing consistent increases of approximately 1.2% to 1.4% annually. In 2023, the sector stood at 179.80 billion pounds. Over the forecasted five-year period, the compound annual growth rate (CAGR) is approximately 1.2%, indicating a stable upward trend.

Future trends to watch for include:

  • The impact of consumer behavior shifts post-pandemic.
  • Increased demand for e-commerce and quick delivery services.
  • Potential effects of inflation and economic policies on disposable income.
  • Sustainability trends influencing consumer choices and retail supply chains.

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