Table of Contents
Overview
-
- What you need to know
Executive Summary
-
- Britain today
- Strong GDP figures in 2016 despite Brexit vote
- Employment levels ‘hit record high’
- CPI begins to climb
- Ageing population continues to grow
- Net migration to the UK falls following Brexit vote
- Britain’s most affluent get wealthier
- Concerns centre on Brexit’s impact on the cost of living
-
- Figure 1: Expected impact of UK vote to leave the EU on wider economy and personal finances, February 2017
- The consumer
- Balance tips towards spending less…
-
- Figure 2: Changes in spending habits in the last 12 months, February 2017
- …as consumers hang on to savvy shopping habits
-
- Figure 3: Reasons why people spent less across all categories in 2016 (netted across all sectors), January 2016 and February 2017
- 83% of Brits fear price rises
-
- Figure 4: Consumer concern about price rises, by category, February 2017
- Future of NHS proves top concern
-
- Figure 5: Level of consumer concern towards the future, February 2017
- Financial security boosts happiness
-
- Figure 6: Level of happiness or unhappiness with their everyday life, by financial situation, February 2017
- Family proves leading source of happiness
-
- Figure 7: Sources of happiness, February 2017
- What we think
Britain Today – What You Need to Know
-
- Strong GDP figures in 2016 despite Brexit vote
- Employment levels ‘hit record high’
- House prices continue to rise
- CPI begins to climb
- Ageing population continues to grow
- Net migration to the UK falls following Brexit vote
- Britain’s most affluent get wealthier
- Changes in the balance of opinion
The Economy
-
- Strong GDP figures in 2016 despite Brexit vote
-
- Figure 8: Quarterly % change in UK GDP, Q1 2010-Q4 2016
- Employment levels ‘hit record high’
-
- Figure 9: Employment, by gender, 2011-21
- Diversifying the UK workforce
- House prices continue to rise
-
- Figure 10: Average house prices, UK, 2011-17
- CPI begins to climb
-
- Figure 11: Headline CPI inflation (12-month percentage change), January 2010-March^ 2017
The People
-
- Ageing population continues to grow
-
- Figure 12: Trends in the age structure of the UK population, 2011-21
- Baby boom stabilises
-
- Figure 13: Trends in the number of live births, England and Wales, 2000-15
- Net migration to the UK falls following Brexit vote
-
- Figure 14: Net migration to the UK, March 2012-September 2016
- Britain’s most affluent get wealthier
-
- Figure 15: Distribution of total household wealth, Great Britain, July 2010-June 2012 and July 2012-June 2014
- UK health profile starts to improve
-
- Figure 16: Changes in perceptions of consumer health and the amount of effort people put into staying healthy, August 2016
- Consumer confidence holds steady
-
- Figure 17: The financial wellbeing index, February 2010-February 2017
- Consumer expectations for the coming year
-
- Figure 18: Consumer financial wellbeing expectations for the coming year, February 2010-February 2017
Consumers’ Response to the EU Referendum
-
- Concerns centre on Brexit’s impact on the cost of living
-
- Figure 19: Expected impact of UK vote to leave the EU on wider economy and personal finances, February 2017
- Affluent prove most optimistic
-
- Figure 20: Expected impact of UK vote to leave the EU on wider economy and personal finances, by most affluent vs least affluent households, February 2017
- Changes in the balance of opinion
-
- Figure 21: Consumer views on the impact of the EU referendum on the UK economy, by household income (most vs least affluent), July 2016-February 2017
- Young prove negative in outlook
-
- Figure 22: Consumer views on the impact of the EU referendum on the UK economy, by age, July 2016-February 2017
Consumer Expenditure – What You Need to Know
-
- Consumer expenditure growth undermined by FMCG markets
- Outlook for the next five years
- Sales fall for in-home food market
- Health concerns continue to challenge non-alcoholic drinks category
- Quality over quantity mindset emerges in alcoholic drinks category
- BPC market nourished by premiumisation trend
- Focus on leisure hampers interest in clothing
- Music concerts and festivals drive leisure and entertainment sector
- Brexit threatens holidays market
- Positive growth forecast for personal finances market
Expenditure Overview
-
- Consumer expenditure growth undermined by FMCG markets
-
- Figure 23: Consumer expenditure, by sector (£billion), 2016
- Outlook for the next five years
-
- Figure 24: Best- and worst-case forecast total value sales, 2011-21
- Winners in the next five years
-
- Figure 25: Categories set to grow at a faster rate than total consumer spending projections over the next five years, at current prices, by % growth, 2016-21
- Slower-growth sectors in the next five years
-
- Figure 26: Consumer sectors set to grow at a below-average rate, at current prices, by % growth, 2016-21
In-home Food
-
- What we think
- Market – past, present, future
-
- Figure 27: UK in-home food market value, 2011-16
- Figure 28: Best- and worst-case forecast value sales of the in-home food market, at current prices, 2011-21
- Mintel predictions
- Winners
- Chilled fish/shellfish
- Free-from foods
- Popcorn and nuts
- Losers
- Pasta
- Prepacked bread
- Processed poultry and meat
- Cooking and pasta sauces
- Changing consumer habits
-
- Figure 29: Changes in spending habits on in-home food in 2016, February 2017
- Key consumer findings
- Fish and shellfish
- Free-from foods
- Popcorn and nuts
- Sweet biscuits
- Cooking and pasta sauces
- Pasta
- Attitudes towards healthy eating
Foodservice
-
- What we think
- Market – past, present, future
-
- Figure 30: UK foodservice market value, 2011-16
- Figure 31: Best- and worst-case forecast value sales of the foodservice market, at current prices, 2011-21
- Mintel predictions
- Winners
- Takeaway/home delivery
- Casual dining restaurants
- Losers
- Independent ethnic operators
- Changing consumer habits
-
- Figure 32: Changes in spending habits on eating out in 2016, February 2017
- Key consumer findings
- Eating out
- Home delivery and takeaway food
- Menu flavours
Non-alcoholic Drinks
-
- What we think
- Market – past, present, future
-
- Figure 33: UK non-alcoholic drinks retail market value, 2011-16
-
- Figure 34: Best- and worst-case forecast value sales of the retail non-alcoholic drinks market, at current prices, 2011-21
- Mintel predictions
- Winners
- Bottled water
- Coffee pods
- Fruit, herbal and speciality teas
- Losers
- Cordials and squashes
- Tea
- Changing consumer habits
-
- Figure 35: Changes in spending habits on non-alcoholic drinks in 2016, February 2017
- Key consumer findings
- Bottled water
- Fruit juice, juice drinks and smoothies
- Carbonated soft drinks
- Tea
- Coffee
- Sports and energy drinks
Alcoholic Drinks
-
- What we think
- Market – past, present, future
-
- Figure 36: UK alcoholic drinks retail market value, 2011-16
- Figure 37: Best- and worst-case forecast value sales of the retail alcoholic drinks market, at current prices, 2011-21
- Mintel predictions
- Winners
- Ale/bitter
- Gin
- Dark spirits and liqueurs
- Losers
- RTDs
- White rum
- Changing consumer habits
-
- Figure 38: Changes in spending habits on alcoholic drinks in 2016, February 2017
- Key consumer findings
- Beer
- Cider
- Spirits
- Wine
Beauty and Personal Care
-
- What we think
- Market – past, present, future
-
- Figure 39: UK beauty and personal care market value, 2011-16
- Figure 40: Best- and worst-case forecast value sales of the beauty and personal care market, at current prices, 2011-21
- Mintel predictions
- Winners
- Colour cosmetics
- Men’s haircare
- Losers
- Shaving and hair removal
- Fragrances
- Changing consumer habits
-
- Figure 41: Changes in spending habits on beauty products and toiletries in 2016, February 2017
- Key consumer findings
- Colour cosmetics
- Men’s haircare
- Shaving and hair removal
- Fragrances
OTC and Pharmaceuticals
-
- What we think
- Market – past, present, future
-
- Figure 42: UK OTC and pharmaceuticals market value, 2011-16
- Figure 43: Best- and worst-case forecast value sales of the OTC and pharmaceuticals market, at current prices, 2011-21
- Mintel predictions
- Winners
- Feminine hygiene and sanitary protection products
- Smoking cessation
- OTC analgesics and cold and flu remedies
- Losers
- First aid
- Changing consumer habits
-
- Figure 44: Changes in spending habits on healthcare products in 2016, February 2017
- Key consumer findings
- Feminine hygiene and sanitary protection products
- Smoking cessation and e-cigarettes
- First aid
- OTC analgesics and cold and flu remedies
Clothing, Footwear and Accessories
-
- What we think
- Market – past, present and future
-
- Figure 45: UK clothing, footwear and accessories market value, 2011-16
- Figure 46: Best- and worst-case forecast value sales of the clothing and accessories market, at current prices, 2011-21
- Mintel predictions
- Winners
- Menswear
- Footwear
- Sportswear
- Losers
- Womenswear
- Handbags
- Youth fashion
- Changing consumer habits
-
- Figure 47: Changes in spending habits on clothing and accessories in 2016, February 2017
- Key consumer findings
- Clothing retail
- Womenswear
- Menswear
- Sportswear
Household Care
-
- What we think
- Market – past, present, future
-
- Figure 48: UK household care market value, 2011-16
- Figure 49: Best- and worst-case forecast value sales of the household care market, at current prices, 2011-21
- Mintel predictions
- Winners
- Fabric care
- Disinfectants
- Losers
- Laundry detergents
- Hand dishwashing
- Changing consumer habits
-
- Figure 50: Changes in spending habits on household care products in 2016, February 2017
- Key consumer findings
- Cleaning in and around the home
- Air care
- Laundry detergents
- Fabric care and other washing ancillaries
Technology and Communications
-
- What we think
- Market – past, present, future
-
- Figure 51: UK technology and communications market value, 2011-16
-
- Figure 52: Best- and worst-case forecast value sales of the technology and communications market, at current prices, 2011-21
- Mintel predictions
- Winners
- Mobile apps and mobile gaming
- Video games and consoles
- Losers
- Desktop, laptop and tablet computers
- Owned video and music
- Changing consumer habits
-
- Figure 53: Changes in spending habits on technology and communications in 2016, February 2017
- Key consumer findings
- Desktop, laptop and tablet computers
- Virtual reality
- Mobile apps and games
- Social media
- Televisions and video media
Leisure and Entertainment
-
- What we think
- Market – past, present, future
-
- Figure 54: UK leisure and entertainment market value, 2011-16
-
- Figure 55: Best- and worst-case forecast value sales of the leisure and entertainment market, at current prices, 2011-21
- Mintel predictions
- Winners
- Music concerts and festivals
- Gambling
- Private health and fitness clubs
- Losers
- Nightclubs
- Changing consumer habits
-
- Figure 56: Changes in spending habits on leisure and entertainment in 2016, February 2017
- Key consumer findings
- Music concerts and festivals
- Gambling
- Private health and fitness clubs
- Nightclubs
Home and Garden
-
- What we think
- Market – past, present, future
-
- Figure 57: UK home and garden market value, 2011-16
-
- Figure 58: Best- and worst-case forecast value sales of the home and garden market, at current prices, 2011-21
- Mintel predictions
- Winners
- Home storage
- Small kitchen appliances
- Losers
- Bathrooms
- Garden products
- Changing consumer habits
-
- Figure 59: Changes in spending habits on home and garden products in 2016, January 2016
- Key consumer findings
- Furniture purchases
- Bathrooms
- Garden products
Transport
-
- What we think
- Market – past, present, future
-
- Figure 60: UK transport market value, 2011-16
- Figure 61: Best- and worst-case forecast value sales of the transport market, at current prices, 2011-21
- Mintel predictions
- Winners
- Used car market
- Alternatively fuelled cars
- Motorcycles
- Airlines
- Losers
- New car market
- Diesel cars
- Key consumer findings
- Used cars
- Alternatively fuelled cars
- New car market
- Diesel cars
- Airlines
Holidays
-
- What we think
- Market – past, present, future
-
- Figure 62: UK holidays market value, 2011-16
- Figure 63: Best- and worst-case forecast value sales of the holidays market, at current prices, 2011-21
- Mintel predictions
- Winners
- European holidays – trips to Spain, Greece, Italy and Portugal
- All-inclusive deals, package holidays
- Losers
- North Africa, Egypt, Turkey
- Changing consumer habits
-
- Figure 64: Changes in spending habits on holidays in 2016, February 2017
- Key consumer findings
- Brexit shapes consumers’ unwavering demand for a holiday
Personal Finance
-
- What we think
- Market – past, present, future
-
- Figure 65: UK personal finance market value, 2011-16
-
- Figure 66: Best- and worst-case forecast value sales of the personal finance market, at current prices, 2011-21
- Mintel predictions
- Winners
- Consumer credit
- New and alternative saving channels
- Losers
- Investments
- Motor insurers
- Changing consumer habits
- Aggregation and recommendation
- Data sharing in insurance
- Key consumer findings
- Consumers and credit risk
- Consumers and retail banking
- Retirement planning
Housing
-
- What we think
- Market – past, present, future
-
- Figure 67: UK housing market value, 2011-16
- Figure 68: Best- and worst-case forecast value sales of the housing market, at current prices, 2011-21
- Changing consumer habits
- Key consumer findings
- Mortgages
- Buy-to-let mortgages
Newsagents’ Goods
-
- What we think
- Market – past, present, future
- Greetings cards
- Cigarettes
-
- Figure 69: UK newsagents’ goods market value, 2011-16
-
- Figure 70: Best- and worst-case forecast value sales of the newsagents’ goods market, at current prices, 2011-21
- Key consumer findings
- Greetings cards
- Cigarettes
Miscellaneous Expenditure
-
- What we think
- Market – past, present, future
-
- Figure 71: UK miscellaneous expenditure market value, 2011-16
-
- Figure 72: Best- and worst-case forecast value sales of the miscellaneous expenditure market, at current prices, 2011-21
- Winners
- Private healthcare
- Education
- Losers
- Disposable nappies and wipes
- Key consumer findings
- Disposable nappies and wipes
- Private healthcare
The Consumer – What You Need to Know
-
- Consumer spending habits hold steady…
- …as they hang on to savvy shopping habits
- The perception of spending more on food
- Fewer consumers benefit from low prices
- 83% of Brits fear price rises
- The rising cost of holidays
- Could the falling Pound spell the end of disposable fashion?
- Future of NHS proves top concern
- The importance of pro-environmental efforts
- Financial security boosts happiness
- Family proves leading source of happiness
Changes in Spending Habits
-
- Consumer spending habits hold steady
-
- Figure 73: Changes in spending habits in the last 12 months, February 2017
- Are consumers really spending less on alcohol...
-
- Figure 74: Difference between proportions of people spending more and less, January 2016 and February 2017
- …but spending more on food?
- Young BPC shoppers go budget
-
- Figure 75: Proportion of adults spending less on BPC products and toiletries, by age, January 2016 and February 2017
Reasons Why People Spent Less
-
- 70% cut back to make savings
-
- Figure 76: Reasons why people spent less across all categories in 2016 (netted across all sectors), January 2016 and February 2017
- Younger shoppers shop around for best deal
-
- Figure 77: Reasons why people spent less across all categories in 2016 (netted across all sectors), by age, February 2017
- Beauty buyers bag a bargain
-
- Figure 78: Reasons why people spent less in 2016, by category, February 2017
- Fewer consumers benefit from low prices
-
- Figure 79: Proportion of consumers who spent less due to a decrease in prices, by category, January 2016 vs February 2017
Consumers’ Expectations of Price Rises
-
- 83% of Brits fear price rises
-
- Figure 80: Consumer concern about price rises, by category, February 2017
- Food leads price rise concerns
- The rising cost of holidays
-
- Figure 81: Proportion of consumers indicating concern over the rising cost of holiday travel, by age, February 2017
- Could the falling Pound spell the end of disposable fashion?
Concerns for the Future
-
- Future of NHS proves top concern
-
- Figure 82: Level of consumer concern towards the future, February 2017
- Tapping into the broader concerns about health
-
- Figure 83: This Girl Can campaign, February 2017
- The importance of pro-environmental efforts
-
- Figure 84: Tesco No Time for Waste campaign, March 2017
- Young prove most concerned for the future
-
- Figure 85: Repertoire of consumer concerns for the future, by age, February 2017
- Concerns by household income
-
- Figure 86: Level of consumer concerns towards the future, by household income, February 2017
Sources of Happiness
-
- Financial security boosts happiness
-
- Figure 87: Level of happiness or unhappiness with their everyday life, by financial situation, February 2017
- Brits prove happy in their homes
-
- Figure 88: Level of happiness or unhappiness with current housing situation, February 2017
- Gender pay gap impacts women’s fiscal confidence
-
- Figure 89: Level of happiness or unhappiness with finances, February 2017
- Family proves chief source of happiness
-
- Figure 90: Sources of happiness, February 2017
-
- Figure 91: Asda Good Living Publication, family exercise campaign, January 2017
- Tackling the loneliness epidemic
-
- Figure 92: Friends and family as sources of happiness, by age, February 2017
Appendix – Data Sources, Abbreviations and Supporting Information
-
- Methodology
- Abbreviations
- Definitions
- Generations
Appendix – In-home Food
-
-
- Figure 93: UK retail value sales of in-home food, at current and constant prices, 2011-21
-
Appendix – Foodservice
-
-
- Figure 94: UK retail value sales of foodservice, at current and constant prices, 2011-21
-
Appendix – Non-alcoholic Drinks
-
-
- Figure 95: UK retail value sales of non-alcoholic drinks, at current and constant prices, 2011-21
-
Appendix – Alcoholic Drinks (for In-home Consumption)
-
-
- Figure 96: UK retail value sales of alcoholic drinks (for in-home consumption), at current and constant prices, 2011-21
-
Appendix – Beauty and Personal Care
-
-
- Figure 97: UK retail value sales of beauty and personal care products, at current and constant prices, 2011-21
-
Appendix – OTC and Healthcare
-
-
- Figure 98: UK retail value sales of OTC and healthcare products, at current and constant prices, 2011-21
-
Appendix – Clothing and Accessories
-
-
- Figure 99: UK retail value sales of clothing and accessories, at current and constant prices, 2011-21
-
Appendix – Household Care
-
-
- Figure 100: UK retail value sales of household care products, at current and constant prices, 2011-21
-
Appendix – Technology and Communication
-
-
- Figure 101: UK retail value sales of technology and communication products, at current and constant prices, 2011-21
-
Appendix – Leisure and Entertainment
-
-
- Figure 102: UK retail value sales for leisure and entertainment category, at current and constant prices, 2011-21
-
Appendix – Home and Garden
-
-
- Figure 103: UK retail value sales for home and garden products, at current and constant prices, 2011-21
-
Appendix – Transport
-
-
- Figure 104: UK transport market, at current and constant prices, 2011-21
-
Appendix – Holidays
-
-
- Figure 105: UK holidays market, at current and constant prices, 2011-21
-
Appendix – Personal Finances
-
-
- Figure 106: UK retail value sales of personal finances products, at current and constant prices, 2011-21
-
Appendix – Housing
-
-
- Figure 107: UK housing market, at current and constant prices, 2011-21
-
Appendix – Newsagents’ Goods
-
-
- Figure 108: UK retail value sales of newsagents’ goods, at current and constant prices, 2011-21
-
Appendix – Miscellaneous Expenditure
-
-
- Figure 109: Miscellaneous expenditure, at current and constant prices, 2011-21
-
Back to top