United Kingdom (UK) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

United Kingdom (UK) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026

Summary

“United Kingdom (UK) Foodservice Market Size and Trends by Profit and Cost Sector Channels, Consumers, Locations, Key Players, and Forecast, 2021-2026” published by GlobalData provides extensive insight and analysis of the UK Foodservice market over the next five years (2021-2026) and acts as a vital point of reference for operators or suppliers.

The overall value of the UK’s foodservice profit sector decreased at a negative CAGR of 7.9% during 2016-21, standing at GBP50.5 billion ($69.6 billion) in 2021, due to a substantial reduction in the number of transactions as a result of the COVID-19 restrictions. Take-aways and deliveries played a crucial role in mitigating losses among foodservice businesses, especially in the QSR and FSR channels, due to the convenience offered. Chain operators dominated the profit sector in 2021. Both chain and independent operators registered a decline in value during 2016-21 across all restaurant channels. During 2021-26, chain operators will continue to dominate and grow at a slightly faster CAGR (10.0%) than independent operators (9.5%), with the overall profit sector registering a CAGR of 14.9%.

The report includes -

• Overview of UK’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on UK's foodservice market including GDP per capita, consumer price index, population growth and annual household income distribution.
• Growth dynamics: In-depth data and forecasts of key channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) within UK’s foodservice market, including the value of the market, number of transactions, number of outlets and average transaction price.
• Customer segmentation: Identify the most important demographic groups, buying habits and motivations that drive out-of-home meal occasions among segments of the UK population.
• Key players: Overview of market leaders within the four major channels including business descriptions and number of outlets.

• Pub, club & bar was the largest channel in the UK foodservice profit sector in 2021, accounting for 23% of the profit sector sales in 2021. The channel’s value reached GBP11.6 billion ($16 billion) in 2021, decreasing at a negative CAGR of 14.4% during 2016-21. QSR was the second-largest channel in the UK foodservice profit sector in 2021, accounting for a value share of 21.8%. The channel generated value sales of GBP11 billion ($15.2 billion) in 2021. FSR was the third-largest channel in UK’s foodservice profit sector in 2021, accounting for 14.4% of the total revenue.
• The pub, club & bar channel led in terms of number of outlets in the country followed by QSR and FSR. Take-aways in the QSR channel recorded a significant double-digit CAGR of 15.4% during 2016-21, as convenient and quick food offerings remained popular among consumers, especially during the pandemic.
• Chain operators are expanding their footprint and remained particularly dominant across the QSR and ice cream parlor channels in 2021.

• Specific forecasts of the foodservice market over the next five years (2021-2026) will give readers the ability to make informed business decisions through identifying emerging/declining markets.
• Consumer segmentation detailing the desires of known consumers among all major foodservice channels (QSR, FSR, Coffee & Tea Shop, and Pub, Club & Bar) will allow readers understand the wants and needs of their target demographics.