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The Food Supplement Market

The study of Euromonitor International shows that the food supplement market within Europe should be growing approximately at a rate of 9.5% in the next years. Statistics have gone to illustrate that the current European market value for food supplements stands at €7.2bn in 2015 and is expected to reach a value of €7.9bn by 2020.

Looking more specifically at the UK, 46 per cent of Britons are using supplements regularly in efforts to boost their health. If this is the case, with a rough current population of 65.14 million, the UK estimates would suggest that 29,964,400 people within the UK currently utilise some form of food supplements to maintain a healthy lifestyle.

As presented in the chart below, vitamins and minerals and skin care treatments feature among some of the largest over-the-counter (OTC) sold products within the generic health products market in the UK. 

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The UK Hotel Industry

The British hotel industry is set for a record 2017 owing to a substantial increase in both domestic and international visitors planning holidays in the UK. The British Hospitality Association further reported that the sector’s contribution to the UK economy had grown faster than any other since the downturn in 2008.

Research has confirmed the hospitality and tourism as the UK’s fourth largest industry, employing 4.6 million directly and indirectly. Last year it provided GBP161bn to the total economy, GBP15bn in exports and GBP38bn in direct tax receipts. Around 17%  of all jobs in the UK were related to the hospitality and tourism sector.

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Tech in Business

Advancing technology can be implemented into business, creating new possibilities and making the working day increasingly effective and efficient. In recent years, a large number of products and companies have emerged with new and innovative facilities to help simplify everyday work. However, it is not easy for small companies to find out which products are needed or fit their needs. There is no uniform recipe for all companies since they are active in different sectors, segments, etc. and therefore also have different needs.

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The UK Fashion Retail Industry

Worth £60.2bn in 2015, the fashion industry grew at a compound annual growth rate of 4.3% during the previous five years but saw a major slowdown in late 2015. In 2016, growth was “exceptionally weak”, with average monthly clothing and footwear sales up 1% for the 10 months ended October 2016. However, For the period ended 31 July 2016, online fashion sales grew by 7.5% year-on-year, while store sales declined by 3% creating expectations for online sales to outperform the market, with growth of 9-10% in 2017. 

The fashion and retail industry is an extremely competitive market that can reap huge rewards. The employment within fashion and fashion related industries within the UK stands at 555,000.  As seen in the pie chart below, most jobs in fashion related industries are in the retail sale of clothing. This sub industry employs 75 percent of all total employees, with 414,000 people working in the retail sale of clothing. The retail and sale of footwear and leather goods further provides a sizable weighting of jobs in the fashion industry, being 11 percent (59,000 jobs). Another 8 percent, 43,000 employers, work in the wholesale of clothing and footwear. 

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