09 June 2022
In newly released five-year market forecasts, IGD predicts the grocery market will grow by 11.3% over the next five years from £216.8bn to £241.3bn. While inflation will underpin the majority of growth in 2022, with a 3.5% value increase predicted, this will moderate from 2023 onwards.
With the war in Ukraine impacting the UK supply chain and food prices expected to increase by 8.9% in 2022, I...