London / UK. (hrzns) Sales of food and drink through the UK’s foodservice sector were worth some 10.8 million GBP in the first quarter of 2016, up 2.3 percent on the same quarter last year, according to foodservice consultancy Horizons.
Trading in the second quarter of the year is expected to see a 2.1 percent rise on the previous year, with sales worth 12.4 billion GBP.
Speaking as the company launched a new report on the foodservice market, Horizons’ managing director Peter Backman said that 2016 was likely to finish showing slightly lower growth than 2015 at around 1.8 percent.
«Our consumer research* shows that frequency of eating out is now at 2.04 times in a two-week period, although average spend is down to 14.07 GBP. Brexit and the National Minimum Wage are both causing uncertainty but UK operators have already proved how versatile and adaptable they can be by embracing new food trends and keeping consumers dining out. The fact there was growth in Q1 demonstrates this resilience».
Horizons has this week launched The Foodservice Market, an annual report offering an overview of the sector looking at the size, growth and key market drivers.
The report is aimed at suppliers to the sector, new operators coming into the market or anyone wanting to update their knowledge of this fast-moving industry.
«We issue various publications offering an in-depth view of aspects of the market but we realised there was a need for a report that pulls together all the changes and trends we are noting and researching, giving a comprehensive overview of the sector», said Backman.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- VTT: How to turn captured carbon dioxide into plastic?
- Enifer Oyi: The first factory is now fully funded
- How AI’s efficiency can be optimised in the gastronomy
- Tender Food: successfully closes Series A funding
- Aramark: now lets autonomous floor cleaning robots do the work
- Santander Bank: opens another »Work Café« in Florida
- Ülker: accelerates digitalization and tech investments
- Enifer Oyi: secures 36 million euro funding package
- Coop: Tomatoes from Sweden no longer a rarity
- Fossil-free transport: ICA takes a step forward with hydrogen gas
- Lantmännen Group: in talks on Food Strategy 2.0
- Växthuset: Business-driven and circular ideas in focus
- BBU: Commences Multi-Site Microgrid Energy System
- Chipotle: Doubles Commitment To Cultivate Next Venture Fund
- Bühler: brings the entire protein value chain under one roof
- Oterra A/S: forms pioneering partnership with Vaxa Technologies
- Conagra Brands: Uncovers Hottest Frozen Food Trends
- Kroger: CIO Discusses Digital Innovation Trends 2024
- What’s on the menu? RaboResearch Outlook 2024
- Fazer: promotes green transition with renewable gas