The U.K.'s food-to-go market is expected to grow at twice the rate of the overall grocery channel, reaching $29.6 billion by 2023, up from $23.1 billion in 2018, according to IGD. The quick-service restaurant segment will likely grow to $8.9 billion by 2023, while coffee companies will grow to $5.2 billion, convenience stores to $4.7 billion, and supermarkets and hypermarkets to $2.3 billion.
"The food-to-go market remains a strong growth opportunity that continues to provide a great source of inspiration and innovation. We're forecasting solid growth across each of the five segments, but this will become harder to come by for operators, retailers, and suppliers amid an increasingly competitive landscape. But while growth will slow, we're expecting it to remain strong as more consumers buy food-to-go more often and as more operators target different types of locations and missions," says Gavin Rothwell, Head of Food-to-Go at IG. Full Story
Related: UK Considers Ban on Sale of Energy Drinks to Kids; MOD Pizza, Shake Shack Fastest Growing Chains.
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