Value of UK restaurant sector expected to grow by a third in 2021
The value of the UK restaurant sector is expected to grow by 32.1%, to reach £11.7bn, in 2021, on the back of market contraction of 53.1% last year, according to a new report from Lumina Intelligence.
Lumina's UK Restaurant Market Report 2020/21 has found that the value of the eating out market dropped £10bn to £8.9bn in 2020, following huge restrictions on trading throughout the year as a result of the Coronavirus pandemic. A large part of this contraction is expected to reverse but the market is still only expected to reach 58% of the value it was in 2019.