NEW FEATURE! Monthly Insight – April

NEW FEATURE! Monthly Insight – April

10 FACTS ON THE FUTURE OF FOOD-TO-GO!  POTENTIAL OPPORTUNITIES TO CAPITALISE ON FORECASTED GROWTH IN THE NEXT THREE YEARS 

THE FOOD-TO-GO MARKET WILL BE WORTH £21.2 BILLION IN 2019, RISING 3% COMPARED TO 2018

Food-to-go is outperforming the overall eating-out market and is set to account for almost a quarter of total eating out spend. This  is attributed to its greater affordability, which makes it attractive to today’s cash-strapped consumer

While food-to-go is expected to grow 1.8% in  2019, this is a smaller rise than in previous years

OVER THE NEXT THREE YEARS THE FOOD-TO-GO SECTOR IS EXPECTED TO ADD £2 BILLION TO ITS VALUE, REACHING £23 BILLION IN 2022

This growth is driven by the growing time  pressures faced by the UK’s workforce as well  as widening accessibility

Winners will be operators and retailers who  impress on the core needs of speed, value and  quality, but we believe growing opportunities  will also be presented through innovating  around the emerging trends for more conscious  consumerism & ultra-convenience

With key younger adult consumers in particular  looking to be more responsible in terms of their  health and the wider environment, and also  wanting technology-led time-saving solutions,  the next few years promises to be an exciting  period as the market adapts and evolves

FOOD-TO-GO IN CONVENIENCE RETAIL IS EXPECTED TO RISE TO £0.5 BILLION OVER THE NEXT THREE YEARS

Convenience stores can expect to see a  total of £6.2bn in 2019, making up around  30% of the total food-to-go market

However, convenience stores are losing  market share to more specialist  foodservice food-to-go operators, so that  despite continuous growth in food-to-go,  the share held by convenience retail has declined slightly since 2013

PRICE, CONVENIENCE AND QUALITY ARE THE KEY TRENDS THAT RETAILERS NEED TO FOCUS ON TO BOLSTER THEIR SHARE IN THE FOOD-TO-GO SECTOR

Lunch and snack occasions are  dominated by the grocery retailers;  however, consumers are placing greater  importance on range, in particular  healthier options. Those retailers that are  seeing great success in food-to-go are  offering a variety of hot and cold options  that cater to the needs of their particular shoppers.

Expect more growth to come in breakfast,  healthy snacks, hot food, global food and plant-based offerings – exciting times  ahead for food-to-go!

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