The UK food-to-go market is set to decline by £6bn in 2020 because of the coronavirus pandemic, according to the new Lumina Intelligence UK Food-to-go Market Report 2020 Update.
However, the report forecasts that turnover of the food-to-go market will recover to close to its 2019 level by the end of 2022.
The UK food-to-go market experienced a decade of growth through the 2010s with Lumina Intelligence valuing the market at £21.3bn in 2019, a growth of +2.4%.
However, the catastrophic impact of the coronavirus pandemic is set to wipe £6bn off the market value in 2020. This equates to a decline of 29%, taking the market value to £15bn.
The average number of food-to-go visits per consumer per month has dropped 25% year-on-year with lunch the most impacted daypart with a fall in frequency of 37%.
Despite a significant reduction in value this year, the food-to-go market is set to recover quickly due to its versatility, low contact and value-led proposition.