The UK food and beverage service activities sector is projected to grow steadily over the next five years. From 2024 to 2028, the number of enterprises is expected to increase from 149.04 to 155.68 thousand. Year-on-year growth rates are estimated at around 1.15% initially, gradually increasing to about 1.05% towards 2028.
From 2023, this reflects a consistent upward trend, suggesting resilience in the sector despite potential economic fluctuations. The Compound Annual Growth Rate (CAGR) over this five-year period is about 1.1%, indicating stable expansion.
Future trends to watch for include technological adaptations in service delivery, sustainability in operations, and consumer behavior shifts towards online dining experiences. Understanding how these factors interplay will be crucial for businesses aiming to thrive in this evolving market.
