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.”




Pin It

Related Articles

More Pick n Pay smart shoppers switching points...

Pick n Pay Smart Shopper customers are increasingly spending their points on airtime and data, a popular loyalty reward exclusive for retailer Pick n Pay.

Mr D versus Checkers Sixty60, Woolies Dash, Ube...

By: Staff Writer - MyBroadBand Mr D Groceries has partnered with Pick n Pay stores across South Africa to give shoppers access to more than 27,000 food products at in-store prices – including drinks, meat, snacks, fresh produce, and more.

These are South Africa’s most popular loyalty p...

By: Lynette Dicey - BusinessLive Loyalty programme usage in South Africa has grown from 67% in 2015 to 76% in 2023/2024 across both gender and income categories, says the most recent “South African Loyalty Landscape Whitepaper” by Truth &...

New Research Finds 84% of South Africans Demand...

NSF study shows a significant shift towards ethical consumerism is underway in South Africa, with a majority of consumers calling for clear animal wellness transparency and compliance. 

Take heed of these new retail trends that emerg...

By Karen Keylock | National Retail Services Manager at Nedbank Commercial Banking South African consumers are under financial strain and, consequently, the way they shop has changed. And with further economic uncertainty expected in the coming ye...