5th February 2021
New data suggests that total UK food and drink sales declined by 12% during 2020, while grocery retail’s share of the market grew to 81% from 64% the year before.
The figures from IGD’s ‘Eating In vs Dining Out 2021’ report also show the eating out sector shrank by more than 50% after restaurants and pubs were closed for much of the year.
Nicola Knight, Senior Retail Analyst at IGD, commented: “Food and drink retail sales grew by 9.9% in 2020 and e-commerce was the clear winner in the sector as shoppers switched to online due to lockdown restrictions and stay-at-home guidance. But the overall food and drink market declined by 12%, predominantly driven by consumers eating more meals at home due to government closures within the eating out sector.”