FDBusiness.com

Irish Grocery Market Continues Rapid Growth in 2016

 Breaking News
  • Another Year of Progress For Nestlé Nestlé has reported a 2.1% increase in sales to SFr91.4 billion (€80.6 billion) for 2018 with organic growth of 3% and group RIG of 2.5%, which was at the high end of the food and beverage industry, helped by faster innovation and successful new product launches. 2018 organic growth was supported by stronger momentum in [...]...
  • Fast-growing Asia Maternal Nutrition Market to Boost Demand For Dairy ingredients and Formula Maternal nutrition is a hot new opportunity in emerging markets, according to the latest report from food and drink experts, Zenith Global. In many parts of Asia, the concept of optimal nutrition during the first 1,000 days of a baby’s life (from conception to two years old) is capturing the attention of mothers and their [...]...
  • Innovation in the Spotlight at UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print 2019 returns to Birmingham’s NEC later this month with its most innovative show to date. The show, which also includes Contract Pack, Ecopack and Industrial Pack, will showcase more product launches and innovation from across the industry than ever before as it welcomes over 300 suppliers. As always, Innovation is the [...]...
  • £100 Million Müller Programme to Transform UK Fresh Milk Business Müller Milk & Ingredients, Britain’s largest producer of branded and private label fresh and flavoured milk, cream, butter and ingredients, has launched a £100 milliion cost and margin improvement programme which aims to secure a vibrant and sustainable future for the business, to the benefit of consumers, customers, employees and farmers. Project Darwin includes a comprehensive [...]...
  • Coca-Cola European Partners Continues to Focus on Driving Profitable Revenue Growth Coca-Cola European Partners has reported its fifth consecutive quarter of revenue growth and announced plans to trade on the London Stock Exchange. Revenue grew by 4.0% to €11.5 billion and comparable operating profit grew by 7.0% to €1.6 billion in 2018. Earnings per share were €2.30, an increase of 8.5%. Coca-Cola Zero Sugar led growth in [...]...

Irish Grocery Market Continues Rapid Growth in 2016

Irish Grocery Market Continues Rapid Growth in 2016
February 19
15:20 2016

The latest supermarket share figures from Kantar Worldpanel in Ireland, for the 12 weeks ending 31 January, show strong growth has continued for the Irish grocery market following its impressive Christmas performance. Shopper spend has increased by 3.8% over the past 12 weeks, a slight improvement on the Christmas growth of 3.5%.

Georgieann Harrington, insight director at Kantar Worldpanel, explains: “The increased consumer confidence we saw over Christmas has continued, with little indication that shoppers are tightening their belts after the festive period. Combined with a 0.4 percentage point increase in price inflation over the past 12 weeks, this means that consumers have been spending more on their grocery shopping than this time last year.”

SuperValu remains Ireland’s number one retailer, capturing 25% of the grocery market. Impressive sales growth of 4.4% has seen the grocer perform ahead of the market, increasing its share from 24.8% last year. Shoppers visited the retailer nearly 21 times on average in the latest period – more frequently than last year – spending an additional €27 with SuperValu as a result.

Dunnes enjoyed the strongest rate of growth of the top three supermarkets with sales up 5.1% compared with last year. This is due in part to larger shopping trips – Dunnes has successfully encouraged shoppers to spend an additional €1.70 on average every time they visit the store.

Georgieann Harrington continues: “Tesco is still in second place, half a percentage point behind SuperValu, with a 24.5% share of the grocery market. However, sales growth of 1.1% makes this the most positive performance Tesco has seen since November 2012, so things are still looking up for the retailer.

“Elsewhere, Lidl has now seen double digit growth for the fourth consecutive 12 weekly period. The retailer is successfully driving growth across the board, with a higher number of shoppers visiting its stores more often and spending a larger amount each time. Aldi also posted a positive performance, with sales 2.9% higher than in 2015. The main growth driver for Aldi has been an increase in customer numbers: almost 65% of all Irish households visited the retailer within the past 12 weeks, compared with just shy of 63% a year ago.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements