In 2023, the turnover in the UK's retail sale via stalls and markets of other goods sector was £285.47 million. From 2024 to 2028, this turnover is forecasted to grow annually. The turnover increases from £295.34 million in 2024 to £335.24 million in 2028, reflecting a compound annual growth rate (CAGR) of about 3.2%. Year-on-year growth rates are expected to be steady, with an average increase of approximately 3.4% per annum over the five-year period.
Future trends to watch for:
- Impact of economic conditions on consumer spending power
- E-commerce competition influencing physical market sales
- Changes in consumer preferences for locally sourced or artisanal goods
- Technological advancements in market logistics and operational efficiency
