UK's eating-out sector expected to grow 3% in value to US$137.6M in coming 12 months, driven by increasing popularity of street food, coffee shops and new fast food concept, research firm says

Nevin Barich

LONDON , February 21, 2014 (Business Monitor International) – The UK's eating out sector is expected to grow 3% in value to reach GBP82.5mn (US$137.6mn) in the coming 12 months, according to food-focused strategic research consultancy Allegra Strategies. Growth will be driven by the increasing popularity of street food, coffee shops and new fast food concepts, and will be supported by factors such as stronger consumer spending power, reflecting improved economic prospects and the expansion of branded restaurants and managed chains to account 5.5% of growth, compared with 4.5% in 2013. 'This will come from a combination of increasing consumer eating and participation, an uptick in visit frequency and some average spend gains as consumers start to feel more confident about their personal finances and spending power,' said Allegra Foodservice strategy director Simon Stenning (Food Manufacture).

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.