Written by Eva Osborne-Sherlock from Agriland
The food-to-go market is expected to grow by 40% by 2028, the Agriculture and Horticulture Development Board (AHDB) has said.
Research from AHDB showed that more than £48.2 billion was spent on food in the out-of-home market so far this year, an increase of 14% year-on-year.
Value growth has been driven by inflation over the last few years, however volume growth has returned in 2024 and is expected to continue and become the key driver of performance from 2025.
Whilst almost half of all food-to-go meal occasions happen as part of a daily activity, such as going to work or after exercising, recent research by IGD highlighted that more than half of food-to-go purchases are less routine and are more likely to be spontaneous and unplanned.
With less daily commuting since the pandemic, there are reduced interactions with the out-of-home market.
However, AHDB said those who commute just one or two days a week cannot resist out-of-home spending and are more indulgent when they do eat out, spending up to 18% more per trip than other commuter groups.
Lunch remains a key meal for food-to-go, and in the first quarter of 2024 71% of food-to-go customers purchased for this meal occasion.
“Lunch is well suited for food-to-go often associated with lower spend than other meal occasions and whether featuring a classic sandwich or something a little different, such as a slice of pizza, meal deals are a big deal when it comes to on-the-go lunches, particularly for consumers looking to stick to a budget,” AHDB said.
In the 12 weeks leading up to June 9, there were 92.2 million food-to-go meal occasions which contained beef, lamb and pork, an increase of almost 24% year-on-year with pork accounting for almost three-quarters of this growth.
Sandwiches accounted for 41% of all pork-based food-to-go purchases, while pasties proved to be a popular food-to-go option for beef, accounting for almost 13% of volumes purchased.
AHDB retail and consumer insight analyst, Charlotte Forkes-Rees, said: “The food-to-go market is showing no signs of losing popularity; however, supermarkets and retail chains must continue to adapt to suit changing consumer needs and interests.
“AHDB continue to research these trends and keep retailers informed to support strong demand for our levy payers’ produce, ensuring that they can also benefit from these trends.
“Currently, Forkes-Rees said food-to-go is more likely to be purchased by an older consumer (aged 55+), potentially due to increased disposable income meaning they are able to indulge in on-the-go meals more regularly.
“To tempt in younger demographics, retailers could target new product releases with food trends and flavours that may appeal to broader demographics and the younger generations.”
Also Read: NFUS reminds birdkeepers to register birds before September 1
The post Food-to-go market to grow by 40% by 2028 – AHDB appeared first on Agriland.co.uk.
Continue reading on the Agriland Website...
Research from AHDB showed that more than £48.2 billion was spent on food in the out-of-home market so far this year, an increase of 14% year-on-year.
Value growth has been driven by inflation over the last few years, however volume growth has returned in 2024 and is expected to continue and become the key driver of performance from 2025.
Whilst almost half of all food-to-go meal occasions happen as part of a daily activity, such as going to work or after exercising, recent research by IGD highlighted that more than half of food-to-go purchases are less routine and are more likely to be spontaneous and unplanned.
With less daily commuting since the pandemic, there are reduced interactions with the out-of-home market.
However, AHDB said those who commute just one or two days a week cannot resist out-of-home spending and are more indulgent when they do eat out, spending up to 18% more per trip than other commuter groups.
Meal deals
Lunch remains a key meal for food-to-go, and in the first quarter of 2024 71% of food-to-go customers purchased for this meal occasion.
“Lunch is well suited for food-to-go often associated with lower spend than other meal occasions and whether featuring a classic sandwich or something a little different, such as a slice of pizza, meal deals are a big deal when it comes to on-the-go lunches, particularly for consumers looking to stick to a budget,” AHDB said.
In the 12 weeks leading up to June 9, there were 92.2 million food-to-go meal occasions which contained beef, lamb and pork, an increase of almost 24% year-on-year with pork accounting for almost three-quarters of this growth.
Sandwiches accounted for 41% of all pork-based food-to-go purchases, while pasties proved to be a popular food-to-go option for beef, accounting for almost 13% of volumes purchased.
AHDB retail and consumer insight analyst, Charlotte Forkes-Rees, said: “The food-to-go market is showing no signs of losing popularity; however, supermarkets and retail chains must continue to adapt to suit changing consumer needs and interests.
“AHDB continue to research these trends and keep retailers informed to support strong demand for our levy payers’ produce, ensuring that they can also benefit from these trends.
“Currently, Forkes-Rees said food-to-go is more likely to be purchased by an older consumer (aged 55+), potentially due to increased disposable income meaning they are able to indulge in on-the-go meals more regularly.
“To tempt in younger demographics, retailers could target new product releases with food trends and flavours that may appeal to broader demographics and the younger generations.”
Also Read: NFUS reminds birdkeepers to register birds before September 1
The post Food-to-go market to grow by 40% by 2028 – AHDB appeared first on Agriland.co.uk.
Continue reading on the Agriland Website...
