United Kingdom (UK) – The Future of Foodservice to 2020
Summary
UK is a wealthy nation, and an economy that is recovering well after the global recession in 2008. There is a threat of political uncertainty looming, after the Brexit vote, but caution’ is turning to cautious optimism’. Disposable incomes remain high, and this, coupled with increasing consumer confidence, means that consumers are more willing (and able) to spend in the foodservice market.
The QSR channel has seen strong growth, driven by its place in the market as the convenience channel’. It offers a well-known and easily-understood proposition: tasty food/drink, at reasonable prices, available quickly and wherever the consumer is. This channel fits into the consumer’s day much more organically than others.
The FSR channel, at times uninspiring on the whole, has been revitalized by casual dining operators bringing American trends into the channel. Variety, customization, and a focus on atmosphere and experience – outside of the food – are beginning to permeate FSR as a means to defend the channel from any negativity around its cost to consumers and the lack of convenience offered.
Coffee and tea shops channel has seen, and will continue to see, the highest value growth in the foodservice market. The increase in consumers being on-the-go’ and also needing the caffeine boost provided by coffee has been a very simple driver of growth in this channel.
Pubs are adapting, rather than expanding, and will find it difficult to be wherever the consumer is’ in the way that QSR and coffee and tea shops can be. Chains like Wetherspoon (page 123) have been nimble in opening outlets in airports, leisure parks and motorway services, with the aim of chasing casual dining chains’ business, but this strategy is not applicable throughout the channel.
The report “United Kingdom (UK) – The Future of Foodservice to 2020”, provides extensive insight and analysis of the UK’s Foodservice market over the next five years (2015-2020) and acts as a vital point of reference for operators or suppliers.
In particular, this report provides the following –
– Overview of the UK’s macro-economic landscape: Detailed analysis of current macro-economic factors and their impact on the 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 Shops, Pubs, Clubs and Bars) within the 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.
– Case Studies: Learn from examples of recent successes and failures within the UK foodservice market.
Companies mentioned in this report: AMT Coffee, Burger King, Caffé Nero, Caffé Ritazza, Coffee #1, Costa Coffee, Deliveroo, Domino’s Pizza, Enterprise Inns, Five Guys, Frankie & Benny’s, Greene King, Jamie’s Italian, JD Wetherspoons, KFC, Marton’s, McDonald’s, Nando’s, Papa John’s, Pizza Express , Pizza Hut, Pret a Manger, Prezzo, Punch Taverns, Starbucks, Stonegate, Subway, Taco Bell, TGI Fridays, Wagamama, Yum Brands, Ziferblat
Scope
– The trend towards “ultra convenience” amongst consumers, advancements in mobile technology and the emergence of numerous delivery companies (Deliveroo, Hungry House, Hubbub) will see the UK’s takeaway sector grow at a faster pace than dine-in meal occasions between 2015-2020.
– A growing “coffee culture” has given the coffee & tea shop channel the highest penetration frequency across the foodservice market with 47% of consumers having visited in the past week.
– Operators’ expanding their food offerings to provide everything to everybody’ has created convergence within the UK’s foodservice market, intensifying the level of competition both within and among channels.
Reasons to buy
– Specific forecasts of the foodservice market over the next five years (2015-2020) 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 shops, Pubs, Clubs and Bars) will allow readers understand the wants and needs of their target demographics.
– Relevant case studies will allow readers to learn from and apply lessons discovered by emerging and major players within the UK’s foodservice market.
