The UK Restaurant market is set to value £18.1 billion in 2022, 94% of its 2019 value

 

 

According to the Lumina Intelligence UK Restaurant Market Report 2022, the total restaurant market is forecast to recover to 94.1% of its 2019 market value in 2022, behind total market recovery. The internal challenges facing the market, such as food inflation or the staffing crisis, have coincided with an increase in value consciousness from consumers amid all time low consumer confidence. Many have traded out of the restaurant market to competitors in fast food and retail.   The branded restaurant segment is expected to grow by +2.3% in 2022F, to a total of 4,067 outlets. The UK restaurant market is forecast to see a compound annual growth rate (CAGR) of +0.9% from 2022F-2025F. There has been a notable uptick in consumers aligning with a value-led attitude, driven by the increase of the cost of living. Operators should be prioritising value-led messaging and promotions that include key day-parts and offers that encourage both food and drink purchases. B