The newest insights from the Food To Go Market Report 2023, carried out by way of Lumina Intelligence, point out that the United Kingdom meals to head marketplace is anticipated to develop by way of +4.1% in 2023F, with a complete cost of £22.2 billion.
Following a sluggish restoration in volumes, there was a gradual build up in shuttle and footfall, which is able to pressure enlargement in 2023. The marketplace is anticipated to peer its most powerful outlet enlargement since pre-pandemic, at +0.9% – a web acquire of +1,397 to 152,120 websites.
The price of residing disaster is prompting adjustments in shopper habits within the meals to head marketplace. Consumers are an increasing number of figuring out as very value-led and deal with and regimen missions are in decline. Food and drink mixed purchases are down as shoppers change into extra selective with their spending. Retail has loved a spice up in its channel percentage, with grocery neatly positioned to capitalise on cost scrutiny following funding in foodservice partnerships, upper high quality, and broader levels of value-led meals to head.
The record predicts constant enlargement at a CAGR of +3.0% from 2023-2026, which is able to see the marketplace succeed in a complete cost of £24.3 billion in 2026. Key meals to head channels function sturdy marketplace avid gamers which are riding enlargement via bodily enlargement, day-part availability, and omnichannel propositions. Sustainability, omnichannel, and era are anticipated to mildew the way forward for meals to head, as the United Kingdom faces structural financial demanding situations together with a shrinking staff.
Moreover, the record signifies that touring and commuting meals to head missions recovered as shoppers returned to places of work all through 2022. “I was traveling/commuting” has observed the biggest enlargement year-on-year at breakfast, snack and drink meals to head day-parts. Recovery in commuter footfall highlights a chance for shuttle hub places.
