The food-to-go market in the UK could be worth as much as £21.7 billion by 2021, up from £16.1 billion this year, according to data from IGD.
The group said that 'food-to-go specialists have been growing their scale and impact across the UK and will be the strongest climbers, with a predicted worth of up to £7.1 billion in five years'.
It expects that supermarkets and hypermarkets are also likely to increase their food-to-go ranges, to be worth up to £1.4 billion over the next five years.
“Over the next five years, we are forecasting growth of up to 35% for the overall food-to-go market, providing there is a favourable economic backdrop," said Joanne Denney-Finch, IGD chief executive.
"Suppliers are seeking ways to expand, so the growth potential of this dynamic and rapidly shifting sector represents a really clear opportunity. However, food-to-go is a different market to grocery retail and requires a distinct approach to succeed.”
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.
