UK food to go market suffers significant decline in 2020 The UK food to go market suffered a 45.5% decline in 2020 as the Coronavirus pandemic severely restricted travel and movement, the latest data from Lumina Intelligence shows.
According to the new UK Food To Go Market Report 2021, the space is forecast to grow this year as restrictions ease by 31.6% to £15.3bn, which represents 72% of its 2019 value.
Wider recovery and growth will see the segment reaching a value of £22.6bn in 2024, the report adds.
“The sudden shift from a highly transient, on-the-go society, to one with restrictions placed on movement had a significant negative impact on the UK food to go market in 2020, with much trade diverted to other routes to market such as delivery, says Katherine Prowse, insight manager at Lumina Intelligence.
Food-To-Go Market Set To Bounce Back
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Food-to-go market to grow by 32% in 2021, research finds Print
7th April 2021
The food-to-go market suffered a 45.5% decline in 2020, as the pandemic severely restricted travel and movement, new research reveals.
The Lumina Intelligence UK Food To Go Market Report 2021 forecasts growth of 31.6% to £15.3bn in 2021, before wider recovery and growth will see the channel reaching a value of £22.6bn in 2024.
The report predicts less restriction exposed and low-ticket channels are best placed for recovery with convenience store grab-and-go, supermarket grab-and-go, sandwich & bakery, and travel all expected to recover more swiftly, to more than 74% of their pre-pandemic value in 2021.
The study predicts that in the next few months, as social restrictions ease, food-to-go is well placed to capitalise on the outdoor socialising occasion. With 21% of consumers saying they are likely to purchase food to-go and eat it in a park in the future, this figure rises to 38% for 18-24s, and 34
The food-to-go market value fell to £11.6bn last year
Food-to-go sales plummeted 45.5% last year as coronavirus diminished the need for on-the-go food, new research shows.
According to the UK Food To Go Market Report 2021 by Lumina Intelligence, the market value fell to £11.6bn.
However, the research suggests the channel will grow by 31.6% to £15.3bn this year, representing 72% of its 2019 value, as travel restrictions ease and the vaccination programme takes hold.
Convenience and supermarket grab and go are set to make a stronger and quicker recovery due to their value-led propositions and being less susceptible to tight restrictions.
By 2024, the overall market is predicted to make a full recovery and reach a value of £22.6bn.
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.
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