{"id":5355,"date":"2024-10-15T01:51:33","date_gmt":"2024-10-15T01:51:33","guid":{"rendered":"https:\/\/restaurantnews.co.uk\/?p=5355"},"modified":"2024-10-15T01:51:33","modified_gmt":"2024-10-15T01:51:33","slug":"uks-qsr-market-to-reach-44-01b-by-2029","status":"publish","type":"post","link":"https:\/\/restaurantnews.co.uk\/?p=5355","title":{"rendered":"UK\u2019s QSR market to reach $44.01b by 2029"},"content":{"rendered":"<p>The market is projected to grow at a compound annual growth rate (CAGR) of 5.25%. The United Kingdom (UK) Quick Service Restaurant (QSR) market is estimated to be valued at $34.07 billion in 2024 and is expected to reach $44.01 billion by 2029, reflecting a CAGR of 5.25% from 2024 to 2029, according to Mordor Intelligence.<\/p>\n<p>Ice cream is the fastest-growing cuisine segment, predicted to grow at a CAGR of 6.35% from 2024 to 2029, driven by a rise in experimental flavors among consumers and brands, as well as high seasonal consumption rates. Notable ice cream outlets include Ginger&#8217;s Comfort Emporium, Gelupo, Callestick Farm, Baskin Robbins, and Dunkin&#8217; Donuts.<\/p>\n<p>The burger segment holds the largest market share by cuisine type at 30.86% in 2023. Inclusion and innovation in offerings have helped maintain burgers as a primary fast-food choice in the country, with an increasing number of operators featuring them on their menus.<\/p>\n<p>Meat-based dishes like chicken wings, chicken nuggets, and chicken lollipops are also popular, with sales values rising by 18.9% in 2022 compared to 2019, driven by high meat consumption levels. For example, the UK&#8217;s poultry meat consumption per capita was 32.7 kg in 2020, with popular fast-food chains including McDonald&#8217;s, KFC, and Subway.<\/p>\n<p>Commonly preferred QSR items in the UK include burgers ($4.5 per 250 grams), French fries ($3 per 250 grams), onion rings ($3.4 per 250 grams), pizza ($8.5 per 300 grams), chicken nuggets (around $3.5 per 300 grams), and garlic bread (around $4.5 per 100 grams).<\/p>\n<p>The average order value in the QSR market increased by 10.02% from 2017 to 2022 due to an inflation rate averaging 3 to 4% during that period and an increase in orders, which exceeded 63,432 per outlet in 2022.<\/p>\n<p>The number of QSRs in the UK rose by about 10% from 2017 to 2022, driven by a growing number of franchise establishments and expanding company footprints. As of January 2023, there were approximately 1,382 McDonald&#8217;s outlets, 517 Burger King outlets, and 1,005 KFC outlets.<\/p>\n<p>In terms of location, standalone restaurants accounted for over 72.35% of the market value share in 2022. These eateries are located in various settings, including urban areas, suburban strip malls, and rural communities, typically offering a limited menu featuring burgers, sandwiches, and salads.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market is projected to grow at a compound annual growth rate (CAGR) of 5.25%. The United Kingdom (UK) Quick Service Restaurant (QSR) market is estimated to be valued at $34.07 billion in 2024 and is expected to reach $44.01 billion by 2029, reflecting a CAGR of 5.25% from 2024 to 2029, according to Mordor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5355","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-restaurant-news-uk"},"_links":{"self":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5355"}],"collection":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5355"}],"version-history":[{"count":0,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/5355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=\/wp\/v2\/media\/5356"}],"wp:attachment":[{"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/restaurantnews.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}