Forecast: Number of Enterprises in Restaurants and Mobile Food Service Activities Sector in the UK

In 2023, the number of enterprises in the Restaurants and Mobile Food Service Activities sector in the UK stood at approximately 97,000. Forecasts indicate a steady rise, with values reaching 98.42k in 2024 and subsequently increasing each year to hit 104.95k by 2028. This marks a year-on-year growth of around 1.7% from 2024 through 2028, demonstrating a positive upward trend in this sector. Over the five-year forecast period, the compound annual growth rate (CAGR) is expected to be about 1.7%.

Future trends to watch for include the potential impact of changes in consumer behavior toward dining preferences, technological advancements in food delivery, and the influence of economic conditions on disposable income, which could either spur or dampen enterprise growth within this sector.