Dublin, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The "Cafes and Coffee Shops in the UK - Market Research Report (2014-2029)" report has been added to ResearchAndMarkets.com's offering.
Industry revenue is falling at a compound annual rate of 3.4% over the five years through 2024-25 to approximately £6.6 billion, including growth of 1.8% over the current year, where profit is expected to reach 7.2%. No stranger to the pandemic, revenue plummeted during lockdown as Britons stayed indoors - foregoing their commuter coffees and weekend brunches.
Despite this, the UK's coffee culture is thriving, with coffee houses serving as hubs for socialising and productivity. Health-conscious consumers are favouring hot beverages over alcohol, driving up caffeine intake. Independent cafes, focusing on artisanal and fair trade products, are gaining traction against branded chains. Innovative menu items like lavender coconut matcha lattes set them apart. Rising awareness of health and quality prompts cafes to offer trendy options like kombucha and nitro coffee.
Trends and Insights
- Specialist coffee and sustainability are driving cafe growth. Consumer demand for high-quality, sustainable coffee has shifted the cafe landscape, favouring independent shops that offer artisanal and fair-trade brews.
- Surge in high-quality coffee demand dominates market. The rise in artisan coffee demand has opened up opportunities for new varieties, with consumers willing to pay more for premium products.
- London booms as a coffee hub. With high incomes and a youthful, tourist-heavy population, London's demand for coffee thrives, reflected in its abundance of chains and unique, artisanal cafes.
- Differentiation is central to industry success. In a market saturated with coffee vendors, players are compelled to distinguish themselves by prioritising either high-volume, low-quality or low-volume, high-quality coffee offerings.
- The UK coffee culture booms. Coffee houses were, and continue to be, venues where people gather to talk, write, read, entertain one another, or pass the time - and their popularity continues to grow.
- Sustainability initiatives to pick up. The sustainability trend isn’t new and ethical; green practices have never been more critical as Gen Z enters the workforce and brings new values to the market.
Projected Revenue of the Top 3 Players in 2025:
- Costa Ltd.: £915.6 Million
- Pret A Manger (Europe) Ltd.: £713.1 Million
- Starbucks Coffee Company (UK) Ltd.: £676.4 Million
Key Topics Covered
ABOUT THIS INDUSTRY
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
PRODUCTS & MARKETS
- Supply Chain
- Products & Services
- Major Markets
- Globalisation & Trade
- Business Locations
COMPETITIVE LANDSCAPE
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Barriers to Entry
MAJOR COMPANIES
OPERATING CONDITIONS
- Capital Intensity
KEY STATISTICS
- Industry Data
- Annual Change
- Key Ratios
JARGON & GLOSSARY
For more information about this report visit https://www.researchandmarkets.com/r/ki26og
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