The UK Eating Out of Home Market is set to expand by £2.3 billion by 2010
Horizons, the leading foodservice and hospitality sector analysts, have completed their annual review and update of the £35.8 Billion (€52 billion, $66 Billion) market.
Horizons latest research shows that the eating out of home market was worth £35.8 billion in 2005, with the popular catering sector – restaurants, quick service outlets and pubs – accounting for 61% of the total.
The total market will put on an additional £2.3 billion to reach £38.1 billion in 2010. The market is beginning to pick up again after quite a few years in the doldrums. But there are many unknowns along the way such as the outcome of the smoking ban and the impact of the run up to the Olympics over the next five years, Horizons expects restaurants to increase their sales by over 11% with Pubs and Hotels growing by 6.5%. The non-commercial or cost sector, in contrast, will barely grow at all with an increase that is not anticipated to exceed £60 million by 2010 – on total sales of £3.8 billion.