Industries in Growth Stage of Life Cycle in the UK in 2023

1. Non-Alcoholic Beer Production in the UK

2023 Units *: 43.4

Non-alcoholic beer producers brew, package and distribute lager, ale and stout with less than 0.5% ABV. Per-capita alcohol consumption, income, price, health consciousness and consumer preferences drive performance. Over the five years through 2022-23, industry revenue is set to grow at a compound annual rate of 30% to £807.6 million, including growth of 34.2% in 2022-23, with the average industry profit margin hitting 19.7%.

Shrinking alcohol consumption per capita alongside growing health consciousness is paving the way for industry growth. Popular craft beer producers are rapidly introducing no-alcohol and sustainable beer varieties, driving growth in the non-alcoholic beer industry. During the... Learn More

2. Chemical & Fertiliser Mineral Mining in the UK

2023 Units *: 37.4

This industry's main product is potash, most of which is destined for use in the manufacture of fertiliser. Small amounts of baryte, mainly used as an input to drilling fluids for hydrocarbon exploration and production, are also mined. The industry also extracted fluorspar (used by the chemical industry to make hydrofluoric acid), but production is poised to cease at the end of 2010. Total potash output in the United Kingdom typically amounts to about 700,000 tonnes per year.

The industry is expected to generate revenue of about £222.2 million in 2010-11, compared with £203.9 million in 2005-06. The growth reflects higher... Learn More

3. Online Flower Retailers in the UK

2023 Units *: 29.6

The Online Flower Retailers industry is made up of operators that sell flowers online, receiving orders and payments through websites and then using either a network of local florists or growers to fulfil and deliver the order. Over the past five years, industry operators gained a significant competitive advantage over traditional florists, as consumers have increasingly moved online for flower purchases, particularly following the COVID-19 (coronavirus) outbreak. The growth of the online flower market has increasingly pushed bricks-and-mortar florists to the fringes of the market.

Industry revenue is expected to grow at a compound annual rate of 30.7% over the five... Learn More

4. Language Learning Software Developers in the UK

2023 Units *: 26.7

Industry operators create language-learning software, which includes features such as language-learning games, speech-recognition technology, online practice sessions with native speakers and language exchange platforms. Over the past five years, the industry has expanded substantially, with revenue estimated to grow at a compound annual rate of 26.4%. This impressive result is in part explained by the fact that the industry is relatively young, as the majority of its companies have been operating for less than 10 years. Language learning applications have grown massively in popularity among consumers, providing a cheaper alternative to traditional face-to-face courses, while allowing greater flexibility to users... Learn More

5. Immersive Technology in the UK

2023 Units *: 26.2

Immersive technologies (i.e. virtual reality (VR), augmented reality (AR), mixed reality (MR) and haptics) integrate visual content with the physical environment, thus “immersing” the user of associated devises (e.g. head-mounted display (HMD) units) in a simulated setting. Operators in the Immersive Technology industry design and develop immersive visualisation software programs, systems and networks. Operators subsequently sell these solutions (i.e. intellectual property) to clients under licence and may also undertake bespoke projects related to the development of immersive tech and related content on behalf of clients, generating revenue and profit by charging clients a fee. The manufacturing of tangible products on... Learn More

6. Fraud Detection Software Developers in the UK

2023 Units *: 20.2

Operators in the Fraud Detection Software Developers industry develop algorithms and software to detect fraudulent activity, such as payment card fraud, money laundering activities, identity theft, and insurance and subscription fraud. The number of activities conducted on the web, including online commerce and online banking, has surged in recent years, triggering an explosion of data tools and software, including software designed to ensure that sensitive personal information and payment card information is kept safe. As organised crime schemes have become increasingly sophisticated, fraud detection software has followed suit. The growth in artificial intelligence (AI) has shifted industry interest from rule-based... Learn More

7. Online Food Ordering & Delivery Platforms in the UK

2023 Units *: 19.4

Industry operators can be broadly split into two categories: aggregators and new delivery platforms. Aggregators offer consumers access to a range of food outlets through a single online portal, and generate revenue through a restaurant sign-up fee and commission on an order. Traditionally, aggregators do not operate a delivery fleet, with the food outlet instead handling delivery. On the other hand, new delivery platforms such as Deliveroo and Uber Eats allow consumers access to a wide variety of cuisines and order options but also offer delivery logistics. For new delivery operators, revenue is usually composed of restaurant sign-up fees, commission... Learn More

8. Telehealth Services in the UK

2023 Units *: 18.1

The Telehealth Services industry uses digital technology to deliver medical services - including the diagnosis, treatment, assessment and monitoring of health concerns - and health education by connecting multiple users in different locations. Telehealth services are often provided through electrical devices such as phones and video conference systems. Telehealth systems are often used to support people with long-term health conditions such as diabetes or cancer to self-manage their conditions, remain more independent. The industry's services are also used to reduce hospital stays, enable earlier hospital discharge, and reduce the population's dependency on primary health and GP services.

Industry revenue has expanded... Learn More

9. Social Media Platforms in the UK

2023 Units *: 17.1

Social media is a broad and diverse term that has come to include a greater number of activities over time. The Social Media Platforms industry includes the activities of social networking website publishers and developers. This industry does not include companies that mainly develop games, messaging services, internet content, online dating, online recruitment websites, online forums, online videos and blogs. Over the five years through 2019-20, industry revenue is forecast to rise at a compound annual rate of 39.4%, including growth of 17.7% in the current year, to reach £1.4 billion.Industry revenue has been very volatile over the past five-year period.... Learn More

10. CRM System Providers in the UK

2023 Units *: 16.9

The CRM System Providers industry sells software or platforms for customer relationship management. CRM is a widely implemented strategy for managing a company's interactions with customers, clients and sales prospects. Industry services have expanded to include the automation of many back-office roles, sales procedures and marketing personalisation. Industry operators may also provide training to customers on use of software and consultations to see the best implementation of CRM software.

Over the five years through 2019-20, the CRM System Providers industry revenue is expected to rise at a compound annual rate of 56.5%. This is primarily due to the meteoric rise of... Learn More