Convenience Food - United Kingdom

United Kingdom

Revenue in the Convenience Food market amounts to €16.69bn in 2024. The market is expected to grow annually by 3.38% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€142bn in 2024).
In relation to total population figures, per person revenues of €245.60 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 1.64bn kg by 2029. The Convenience Food market is expected to show a volume growth of 0.6% in 2025.
The average volume per person in the Convenience Food market is expected to amount to 23.4kg in 2024.

Key regions: Canada, China, Spain, Japan, Philippines

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Convenience Food Market in the UK is experiencing minimal growth, influenced by factors such as the increasing availability of ready-to-eat meals and soups, as well as the growing health consciousness among consumers. However, convenience and ease of online food services are driving market growth.

Customer preferences: The Convenience Food Market within The Food market market in the United Kingdom is experiencing a shift towards healthier and more sustainable options. As consumers become more health-conscious, there has been an increase in demand for plant-based and organic convenience foods. This trend is also influenced by the growing awareness of the environmental impact of food production and packaging. Additionally, with the rise of busy lifestyles and urbanization, there is a growing demand for on-the-go healthy snacking options, such as protein bars and fruit cups.

Trends in the market: In the United Kingdom, the Convenience Food Market is experiencing a rise in demand for healthier and more sustainable options. This trend is driven by consumers' increasing awareness of the importance of nutrition and environmental sustainability. As a result, industry players are introducing plant-based and organic convenience food products to cater to this demand. There is also a growing trend towards online grocery shopping, with meal delivery services and subscription boxes becoming more popular. This trend is expected to continue, as it offers convenience and time-saving benefits for busy consumers. Industry stakeholders must adapt to these trends and innovate to remain competitive in the ever-evolving Convenience Food Market.

Local special circumstances: In the United Kingdom, the Convenience Food Market is heavily influenced by the country's fast-paced lifestyle and high demand for convenience. The market is driven by the growing number of working professionals and busy families seeking quick and easy meal options. Additionally, the UK's strict food regulations and consumer preference for healthy options have led to the popularity of convenience foods with natural and organic ingredients. The market is also impacted by the country's diverse cultural influences, with a growing demand for international and fusion convenience food options.

Underlying macroeconomic factors: The Convenience Food Market within The Food market in the United Kingdom is heavily impacted by macroeconomic factors such as economic growth, consumer spending, and government policies. The overall stability of the UK economy, including factors such as inflation rates, interest rates, and unemployment levels, greatly influences consumer purchasing power and demand for convenience food products. Additionally, fiscal policies, such as taxation and trade agreements, can impact the cost of production and distribution of convenience foods, ultimately affecting market performance. Furthermore, global economic trends and shifts in consumer preferences towards healthier food options also play a crucial role in shaping the Convenience Food Market in the UK.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.