Skip to main content

UK eating out market set to grow by £5bn over the next three years

| Research tools

New research from MCA Insight – a leading research insight agency across the foodservice & hospitality out sectors – suggests the eating & drinking out market is set to grow by £5bn across the next three years to reach £94.4bn.

The insight comes from MCA’s new UK Eating Out Market Report 2018, which looks at the key trends affecting the market, the competitive landscape, the changing needs of consumers and the outlook for future development.

The value of the UK eating out market is set to grow 1.5% in 2018, down from 1.7% in 2017, and the lowest rate over the past five years.

Steve Gotham, Director of Insight at MCA, commented: “Growth across the sector has slowed due to decreasing visit frequencies. Demand-side factors around weakening consumer confidence and very limited growth in real pay levels are forcing consumers to be more selective with their discretionary spending and eat out less.

“However, it isn’t all doom and gloom for the eating out sector. With a modestly recovering growth outlook and £5bn of additional spend up for grabs over the next three years, there is a substantial prize to be fought over.  Better-managed, consumer-centric operators that stand out in this crowded market will be best placed to benefit.”





Related Articles

Three-day weekends ahead? South Africa’s four-d...

By: Xolile Mtembu - IOL The results for the South African trial of the four-day work week model are out and they show a resounding success among companies who participated.

Checkers killing Pick n Pay in home delivery

Daily Investor Pick n Pay CEO Sean Summers said they started home delivery two decades ago but that Checkers took the lead through their Sixty60 service.

How much money cashiers, trolley collectors, an...

Employment and Labour Minister Thulas Nxesi gazetted the new sectoral determinations for workers in South Africa’s wholesale and retail sectors in the first quarter of the year, which reveals the minimum baseline wage for workers in the sector for...

Woolworths bosses score massive R255 million pa...

Woolworths released its annual remuneration report for 2023 – revealing how much the retailer’s top execs earned over the last financial year.

Cheapest retailer for a full basket of grocerie...

A recent consumer report compared the prices of 23 grocery items across four of South Africa’s most popular food retailers – revealing Shoprite as the cheapest option.