Industry Analysis
The UK food services industry is a robust and high growth intensive industry. According to recent reports, the United Kingdom foodservice market is segmented by type and structure. By type, the market is segmented into full-service restaurants, quick-service restaurants, street stalls and kiosks, cafes and bars, and 100% home delivery restaurants. By structure, the market is segmented into independent and chained. In 2018, approximately 138,200 foodservice businesses were operating in the UK that generated a total turnover of approximately £72.7b and it is projected that it eventually increases to approximately £108b by 2030.
Eating out is a popular leisure-time activity and it is one of the ongoing trends in the UK as British consumers dine out more frequently, reflecting the hectic lifestyle of consumers. As of August 2020, there were a total of over 42,000 restaurants and food-led premises in the UK. The full-service restaurant industry in the UK is the 3rd ranked Accommodation and Food Service Activities industry by market size and the 71st largest in the UK.
If you wish to set up a food service outlet, it is essential to prepare a thorough business model and plan. Before running a real business, you must know who will be your competitors and how to be the unique outlet to excel others. B&F Services helps you understanding your market and products to see whether it is feasible with your budget or not. Contact our experts to discuss your idea at +44(0) 203 637 6137 or email us at Info@bandfbusinessplans.co.uk
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