BRITISH BAKER Bakery Market Report 2023 Edition

 Here are the key findings of the Bakery Market Report 2023 Edition :

1. The total UK eating out market reached £91.5bn in 2022, just 0.6% ahead of 2019 levels and 38% up year on year.
2. 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.
3. Greggs represents nearly two thirds of the net new sites with an increase of 147 as it continues its impressive growth strategy.
4. The coffee, bakery-led and sandwich channel has outperformed the total market, totalling £10.5bn in 2022 – 9.8% ahead of its 2019 total.
5. 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.
6. 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.
7. Drive-thru is a particularly attractive format at present with many businesses stepping outside of their traditional stomping grounds to capture consumer attention.
8. Click & collect and delivery are other channels designed to make it easier for consumers to get their treats, although delivery remains a relatively untapped opportunity for coffee, bakery, and sandwich operators.
9. Delivery is an area where we expect to see growth.