NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/08/10 - The appetite for food products across the word is getting bigger by the day. The UK food retailing market is set out for a robust increase with convenience stores playing a central role..
Globally, UK is one of the top growing markets in terms of the size and prospects for food and drinks. The UK food retailing market, In particular, contributes approximately US$28 billion annually to the economy.
Over the years, there has an unwavering increase in demand for food products. In 2005 the growth rate for food retailing market stood at 4%. Owing to the bullish appearance of the market, the average growth rate will stand at 3% over the next five years. By 2010,UK retail industry will speed past £140 billion.
The market research report, “UK Food Retailing Market Forecast (2005-2010)” by RNCOS finds that in 2005, convenience retailing market accounted for 21% of the total UK food market.
Analysts also forecast that the size of the UK food market would grow to 140 billion GBP in 2010, up from 120.3 billion GBP in 2005. In the fore will be convenience stores, which will be the fey players, propelling growth of the market. It’s expected that their share will increase by 24.3 billion GBP to 32.1 billion GBP over the same period.
This report will help you find answers to some critical questions, like:
• What are the trends & prospects in the emerging Retail Markets in the World?
• What is the past & current status of UK Retail Market?
• What would be the future role of the convenience stores in UK Retail Industry?
• What is the Future strategic direction for UK Supermarkets?
• What are the Success factors & Sensitivities for the UK Retail Market?
• How do different companies compare their position in UK Retail Market?
The report, “UK Food Retailing Market Forecast (2005-2010)” provides an updated and detailed overview of the UK food retailing market. This report is very helpful for business analysts, probable investors and consultants who closely follow the developments in the UK Retail Industry.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.