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The UK food industry is an ever-evolving industry that is constantly adapting to the changing needs of consumers. Here we will be exploring the question of how many food wholesalers there will be in the UK in 2023.
We will also analyze current trends, surveys, and market research to assess the number of food wholesalers. They are likely to be in operation in the coming years. The following points will be covered too. The current state of the UK food market, the factors driving the growth of food wholesalers, and the number of food wholesalers in the UK in 2023.
Overview of the UK food industry
The UK food industry is an important sector of the economy, contributing more than £100 billion to the British economy each year. It has grown rapidly in recent years, with the number of people employed in the sector increasing by nearly 10% since 2011. The industry is highly competitive, with many major players operating in the market, including supermarkets, restaurant chains, and convenience stores. The UK is also a leading producer and exporter of food products. The country’s agriculture and food exports accounting for over £20 billion in 2017. UK is a major importer of food products, with imports estimated to be worth more than £40 billion in the same year. This makes the UK an important part of the global food supply chain.
Recent trends in food wholesaling in the UK
The UK wholesale food industry has seen significant changes recently, with a shift towards more efficient and cost-effective methods of distribution. This has included the rise of online ordering and delivery services. As well as the use of more advanced IT systems for tracking inventory and managing customer relationships. The industry has also seen an increase in the use of technology such as RFID tags and advanced analytics. It provides insights into market trends, and customer preferences, and optimizes delivery routes. This has enabled companies to cut costs and improve their profitability. It is likely that more efficient and cost-effective methods of distribution will be developed, creating further opportunities for growth. Changes in the number of food wholesalers in the UK.
How many food wholesalers are there in the UK in 2023?
The UK has seen a growing trend in wholesaling food products in recent years. This is due to the rise of online shopping and the impact of the pandemic on retail outlets. The demand for wholesalers has also increased due to the rise of home delivery services. As these businesses need bulk supplies in order to fulfil orders quickly and efficiently. Additionally, the increasing popularity of healthy eating has seen a demand for fresh and pre-prepared products, providing yet another opportunity for food wholesalers.
Few latest facts about UK food market as per FWD:
- Food and drink wholesale distribution make a vital contribution to the UK economy. Turning over £31 billion, employing nearly 90,000 people evenly across the country. And generating gross value added of £3.4 billion annually.
- The market size, measured by revenue, of the Grocery Wholesaling industry, is £36.3bn in 2023.
- The market size of the Grocery Wholesaling industry is expected to decline -4.2% in 2023.
What is the biggest opportunity for growth in the Grocery Wholesaling industry in the UK?
The biggest opportunity for the growth of the grocery wholesale industry in the UK may be the increasing demand for online grocery shopping and home delivery. As more consumers turn to online platforms for their grocery needs, grocery distributors can expand their e-commerce operations to meet this demand. Additionally, there may be opportunities for grocery wholesalers to partner with or acquire smaller, niche distributors to expand their product offerings and reach new customer segments.
Final Words:
Based on the available data, there are currently around 11,000 food wholesalers in the UK. This number is expected to grow in the coming years, with most of the growth coming from small and medium-sized businesses. The food wholesaling industry is an important sector of the UK economy, providing essential services to businesses and consumers. With the right support, this sector can continue to grow and provide more opportunities for those involved.
It is expected that there will be a significant increase in the number of food wholesalers in the UK by 2023. This is due to a variety of factors. Such as:
- The rise of online shopping
- The impact of the pandemic on traditional retail outlets
- The increasing popularity of home delivery services
- And the growing demand for healthy products.
As a result, it is likely that the UK food wholesaling market will be booming in 2023. It will be providing a great opportunity for businesses to take advantage of this growing industry.
Check: Where I can get wholesale food prices in Derby?
