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A cost of living crisis, an almost-recession and a return to pre-Covid spending habits. They've all contributed to an anticipated slow in the FMCG market. But despite inflationary pressures the UK's FMCG seems to be bucking the trend and is continuing to grow.  That's reflected by an increase in e-commerce market share, which is expected to more than double before 2025 on pre-COVID levels. As buying habits for FMCG evolves and the market with it, it's an exciting industry to be involved in. #FMCG #scantec

Navigating Uncertainty: FMCG Market Resilience 🌍 It's been an intense year for the UK with the cost of living crisis, whispers of an impending recession, and a return to our pre-COVID spending habits shaking up the landscape. Despite these challenges, the Fast-Moving Consumer Goods (FMCG) sector is showing remarkable resilience. Even amidst inflationary pressures, the UK's FMCG market is defying expectations and continuing to expand. One standout metric is the surge in e-commerce market share, predicted to more than double its pre-COVID levels by 2025. This shift towards online purchasing is not only indicative of changing consumer behaviours but also a testament to the sector's adaptability and growth potential. As we see buying habits evolve, it's an exhilarating time to be involved in the FMCG industry. The resilience and dynamism of this market are proving that even in tough times, innovation and strategic adaptation can lead to success. #FMCG #ECommerce #MarketTrends

The Q2 2024 UK Retail Spend Barometer is now available. 👩💻Consumers in the United Kingdom spent £67.8bn on FMCG and consumer tech products in Q2 2024, a 0.2% change from the same period last year. 💲 UK shoppers spent a total of £51.4bn on FMCG in Q2 2024, this is just a 1.3% uplift compared with the same period last year. 💹Value growth for the FMCG sector dropped from +6.1% in Q1 to +1.3% in Q2, this is despite a boost in consumer confidence and falling inflation, which fell from +3.7% in March to +2.5% in June. Dive into the latest consumer spending trends in both the FMCG and T&D sectors. 👉 https://lnkd.in/gFvCDEGw #ConsumerTrends #UKRetail #UKConsumers

Brits spent £281.5bn on consumer goods in 2023 In 2023, UK consumer spending on FMCG and Tech & Durables rose by 5% to £281.5bn. This growth was driven by higher prices for food and personal care items, while the Tech & Durables sector saw savings. Despite a slowdown in inflation, rising prices challenged shopper spending power throughout the year, with December prices remaining 17% higher than the past two years. Concerns over the cost of living crisis led to reduced spending on non-essentials, favouring home-cooked meals and resulting in notable sales growth in food and fresh food during the final quarter. Additionally, in Q4, sales of private label products surpassed those of brands in UK grocery stores. Source: https://lnkd.in/eszBjiAz #Insight #News #Retail

How will steadying online retail trade affect the industrial market? Retail turnover in Australia has shown minimal growth over the past year, despite rapid population increases. High inflation and rising housing costs have forced many families to reduce spending, leading to a decline in per capita retail sales. Surprisingly, these cuts aren’t limited to discretionary items; even food retailing sectors have seen limited growth as price-conscious shopping becomes the norm. Read more https://lnkd.in/gYpUYnwE #retail #industrial #commercialproperty #RWC Vanessa Rader

Nominal spending decreased by 0.9% in the last month to 23 June, with spending falls in most expenditure categories. Monthly nominal spending is currently around 5% lower than this time last year. 👉 Spending fell in all of the highest-expenditure categories – supermarkets (-2.1%), retail (-0.6%), meals out (-0.8%), service stations (-3.3%) and telecommunications (-3.4%). 👉 Spending also fell in most other categories, but rose in food delivery (2.3%), digital goods (2.1%) and preprepared meals (1.2%). illion Hongjiao (Echo) L. Matthew Elias Nick Garvin Gianni La Cava #spendtracker #e61Institute

UK: The data continues to show weak consumer spending, particularly considering the growth in purchasing power - gross disposable income growth is robust at 7.6% YoY. Though retail sales volumes rebounded in January to grow 0.7% YoY, this recovery was largely due to a rise in food purchases (+0.6% YoY). Non-food in-store retail exhibits weak growth, with seemingly less appetite for non-essential item spending.

The Q2 2024 UK Retail Spend Barometer is now live! ☺️ Dive into the latest consumer spending trends in both the FMCG and T&D sectors. 👉 https://lnkd.in/gRWqTQHU #RetailSpendBarometer #UK #Retail

The Q2 2024 UK Retail Spend Barometer is now live! ☺️ Dive into the latest consumer spending trends in both the FMCG and T&D sectors. 👉 https://lnkd.in/dJuedeup #RetailSpendBarometer #UK #Retail

We share the latest insights on the role of promotions amidst the cost of living crisis in the Financial Times: despite an increase in this tactic, European consumers remain cautious with their spending.   🔍 Data shows a 15% rise in FMCGs promotions across Europe, yet sales volumes barely budged, hinting at a muted consumer demand recovery.   💡 Ananda Roy, SVP of Global Thought Leadership and Strategic Insights at Circana, comments on the diminishing returns of frequent discounting, cautioning against its overuse as it risks reducing brand value and profit margins.   As inflation rates stabilize yet remain above pre-pandemic levels, companies face the challenge of balancing price strategies with consumer expectations.   Read the full piece here: https://lnkd.in/d7QeRUyU #ConsumerBehaviour #Inflation #RetailStrategy #FMCG