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Learn moreFeb 2021
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In response to the COVID-19 pandemic, the UK government imposed national lockdowns, which lasted for more than four months in 2020. During the lockdowns, the consumer foodservice industry was not allowed to offer an eat-in service, which negatively impacted the value sales of foodservice providers.
Formal regulations to combat the COVID-19 pandemic began on 23 March 2020 when the government initiated a nationwide lockdown of all businesses and households. Strict new curbs on life were imposed to prevent the spread of COVID-19.
The pandemic caused unprecedented financial difficulties for foodservice players, especially paying high rents with very limited revenue generation in 2020. Consequently, various independent and chained foodservice providers were pushed to the edge of collapse, like Gourmet Burger Kitchen and Carluccio’s, which were both saved and acquired by The Boparan Restaurant Group.
Renting expensive outlets, especially in city centres, became extremely challenging for many independent players in the industry. Although the UK government has been offering financial support for businesses, including the Coronavirus Job Retention Scheme, which offers 80% of wages of those who are on furlough, or VAT reduction on certain supplies in the hospitality sector, the squeezed restaurant margins resulted in the closure of a record number of independent outlets.
In the forecast period, the UK foodservice industry is expected to feel the long-term impact of the COVID-19 pandemic. The value size of the market is not expected to recover to 2019 levels by 2025 in constant 2020 terms, as customers are expected to spend more time at home, and therefore become more likely to shop for cooking ingredients and meals in grocery stores.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Foodservice industry in United Kingdom with research from Euromonitor's team of in-country analysts.
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If you're in the Consumer Foodservice industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Consumer Foodservice market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.