United Kingdom HRI Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The United Kingdom HRI market is projected to grow, witnessing a CAGR of 2.74% during the forecast period (2020-2025).

Key Highlights

• The large presence of American chain restaurants in the country sourcing American food products, due to the demand for international cuisines, has contributed to market growth.
• Furthermore, ethnic food is quite popular in the United Kingdom, leading to independent consumer foodservice outlets, such as restaurants, offering cuisines from all over the world to meet distinct food preferences of consumers.
• The increasing number of quick service restaurants, such as KFC, MC Donald’s, Pizza Hut, Dominos, and others have captured maximum British consumer attention, looking for convenience in their everyday meal requirement.

Key Market Trends

Improved Culture Of Coffee Shops In United Kingdom

As coffee consumption increases in the country, this beverage is increasingly considered as an important part of the consumers everyday lifestyle. Consumers are demanding more complex blends and roasting methods, which in turn is providing a great platform for specialty coffee shops to gain competitive advantage over the other players in the market, with product innovation. According to the survey conducted by British Coffee Association, about 80% of the people visit coffee shops on weekly basis and 16% visit on daily basis. This has resulted in an increasing number independent coffee shops across the country, to meet the high consumption of coffee among the consumers.

Rising Trend For Mobile Food Stalls and Restaurants

The mobile food vans/street stalls have become on-trend, at music events, food festivals and other social gatherings in the country as consumers are strongly inclined toward such social events and appreciate food stalls around the events. The food sector has become increasingly mobile, fragmented, and on demand supported by growth of food delivery services and fast-casual dining outposts that provide consumers with quality food quickly. These factors have increased the number of kiosks in the country.

Competitive Landscape

The key players engaged in HRI market of the United Kingdom are Yum! Brands, Inc., McDonald's Corporation, Domino's Pizza, Inc., Starbucks Corporation, Restaurant Brands International Inc., Whitbread PLC, Caffè Nero, Blue Caribou, Nando’s, and others. With a growing number of customer sites and increased demand for specialist food products, above all delivered foodservice operators are able to provide the key capabilities and expertise to support these needs.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support