The forecast for gross investment in the UK’s retail sale via stalls and markets of food, beverages, and tobacco products sector indicates a declining trend from 2024 to 2028, with a year-on-year decrease of approximately 2.4% on average. In 2023, this sector stood at approximately 4.3 million pounds sterling, marking a slight downturn compared to the coming years. Over the next five years, the compound annual growth rate (CAGR) is anticipated to be around -2.5%, suggesting a continued decrease in investment levels.
Future trends to watch for might include:
- Emerging consumer preferences for sustainable and local food products, possibly altering market dynamics.
- Technological advancements in the retail sector that could require increased investments.
- Economic factors such as inflation or changes in consumer spending power affecting market investment.