Premiumisation, healthier eating among growth opportunities amid rising costs, Brexit
CGA and UKHospitality also mentioned sustainability, technology and delivery as worthy trends to look out for.
Whilst rising costs, intense competition and Brexit are creating challenges for operators in the out-of-home eating and drinking sector, consumer trends such as premiumisation, healthier eating and drinking are offering opportunities for growth.
According to a series of market reports produced in collaboration between UK Hospitality, CGA and partners, nearly two thirds of eating and drinking out consumers are trying to lead a healthy lifestyle and premiumisation is estimated to grow by £3 billion annually.
Pop-ups and festivals are also emerging, referred by the research bodies as the omnichannel and ‘third space’.
Read their report here.
