United Kingdom Full Service Restaurants Market Size

United Kingdom Full Service Restaurants Market Analysis

The United Kingdom Full Service Restaurants Market size is estimated at 31.61 billion USD in 2024, and is expected to reach 43.98 billion USD by 2029, growing at a CAGR of 6.83% during the forecast period (2024-2029).

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31.61 Billion

Market Size in 2024 (USD)

43.98 Billion

Market Size in 2029 (USD)

7.88 %

CAGR (2017-2023)

6.83 %

CAGR (2024-2029)

Largest Segment by Outlet Type

67.55 %

value share, Independent Outlets, 2023

The popularity of ethnic cuisines, plant-based food, and customizing unique menus for ex-pats and residents led to the segment's growth.

Largest Segment by Cuisine Type

46.92 %

value share, European, 2023

Italian, French, and British foods such as margherita pizza, lasagne, fish & chips, and cheese fondue remain the most popular restaurant options.

Fastest-growing segment by Outlet Type

7.07 %

Projected CAGR, Chained Outlets, 2024-2029

Expanding the retail industry in prime cities is boosting chained FSRs with region-specific cuisines to encourage consumer traffic, thus driving the market's growth.

Fastest-growing segment by Cuisine Type

7.91 %

Projected CAGR, Latin American, 2024-2029

The inclination toward Mexican dishes encouraged operators to diversify their menus and create authentic food items per British palates, driving the market's growth.

Leading Market Player

9.71 %

market share, Mitchells & Butlers PLC, 2022

The company operates over 1,700 restaurants with major brands such as Harvester, Toby Carvery, and Nicholson's. The company is focused on expanding and launching new brands.

A significant rise in tourist arrivals is driving substantial growth in the market, and new trends in dining contributing the market growth

United Kingdom Full Service Restaurants Industry Segmentation

Asian, European, Latin American, Middle Eastern, North American are covered as segments by Cuisine. Chained Outlets, Independent Outlets are covered as segments by Outlet. Leisure, Lodging, Retail, Standalone, Travel are covered as segments by Location.

• The full service restaurant in the United Kingdom is driven by the rise in the consumption of international cuisine. Due to the wide variety of delicacies, there is a growing desire to dine out and consume on-the-go food. Thus, European cuisines dominate the overall full service restaurant segment. It was observed that the sales growth of the segment increased from 2020 to 2022, accounting for 32.18%. As of 2021, more than 3.4 million nationals from different European countries permanently lived in the United Kingdom. This has led to the demand for Italian, French, and British cuisines.
• The second-largest cuisine in terms of value is Asian. This is due to the popularity of Indian, Japanese, Chinese, and Cantonese cuisines that are being accepted by the localities in the country. As of 2020, Chinese cuisine consumed outside the home was 12 grams on average per person per week. Restaurants offer Cantonese dishes that are mainly prepared as per the taste of British pallets.
• The full service restaurant segment's fastest-growing sub-segment is Latin American cuisine, which is expected to register a CAGR of 7.72% during the forecast period. Latin American cuisine is popular due to Mexican food preferences. Since people have grown accustomed to eating beef and pork, there is a demand for pork fajitas and burritos. Several large-scale operators are investing in incorporating Mexican food in restaurants with other cuisines.
• In addition, with the popularity of nutrient-rich food, Middle Eastern cuisines have gained popularity. Falafel, Hummus, and Koftas are a few popular cuisines. This has encouraged entrepreneurs to establish Turkish restaurants in cities like London and Birmingham. Thus, the FSR segment is expected to register a CAGR of 6.64% during the forecast period.