The UK's grocery market is now growing at a three-year record of 6% with Asda and Sainsbury also posting their highest growth rates for at least three years, according to the latest supermarket share figures from TNS Worldpanel.
The market share leaders are Tesco (31.4%), Asda (16.8%), Sainsbury's (16.4%), Morrison's/Safeway (11.1%), and Somerfield (3.7%).
According to Edward Garner, director of research for TNS Worldpanel, the latest grocery market share figures (for the 12 weeks ending 22nd April 2007) show that the strength of the Grocery sector continues unabated.
Leaders getting bigger
The top three grocery retailers have all posted strong growth figures, and lifted their combined market share by an impressive 1.5 percentage points compared to one year ago.
In particular, the growth rates of Asda and Sainsbury are at their highest for at least three years. In the case of Morrisons, while the annual growth rate is lower, at 5% it is at a record level since the grocer's merger with Safeway. And of course the pressure on Somerfield still continues with a market share decline of 0.4 percentage points over the past year.
"From now on, these levels of growth are going to prove challenging to maintain as the sharp decline of the Kwik Save business begins to drop out of the annual comparisons. In particular, Aldi and Lidl will have to work hard to keep up their current strong run as the one-off gain of shoppers (and shops) from Kwik Save becomes history," concluded Garner.