BRITISH BAKER Bakery Market Report 2023 Edition
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Here are the key findings of the Bakery Market Report 2023 Edition : The total UK eating out market reached £91.5bn in 2022, just 0.6% ahead of 2019 levels and 38% up year on year. Thirty seven of the 78 businesses listed as part of the Bakery Market Report 2023 have added to their estates over the past year and a further 21 are holding steady. Greggs represents nearly two thirds of the net new sites with an increase of 147 as it continues its impressive growth strategy. The coffee, bakery-led and sandwich channel has outperformed the total market, totalling £10.5bn in 2022 – 9.8% ahead of its 2019 total. Rising costs across the supply chain, coupled with a cost-of-living crisis, doesn’t make for the easiest of trading environments, particularly in a market often reliant on disposable income. The out-of-home bakery market has seen stability returning after the pandemic, despite the cost-of-living crisis, settling around or above 2019 levels at the end of 2022. Drive-thru is a particu