The production value of food and beverage services in the UK has experienced various trends from 2013 to 2023. In 2023, the value stood at 86.04 billion Euros. Between 2013 and 2023, it saw significant fluctuations in year-on-year growth, ranging from -7.13% to 15.12%. Over the last two years (2022-2023), the sector grew modestly at 1.78% and 1.85%, suggesting a phase of stabilization. The Compound Annual Growth Rate (CAGR) over the past five years was 2.5%, indicating moderate growth.
Looking forward, the forecast for 2024-2028 predicts that the production value will grow at a CAGR of 1.25%, achieving a total growth of 6.42% by 2028. Future trends to watch for include increasing consumer demand for healthier options, innovation in service delivery (e.g., digital ordering and delivery systems), and potential regulatory changes impacting the sector.