United Kingdom: Luxury Foodservice Market Size (Historic and Forecasts), Company Shares, Brand Shares and Distribution Data 2018-2023

Seattle, WA -- (SBWire) -- 02/19/2020 --Luxury foodservice is a very small but growing category within luxury goods in the UK. Whilst online channels drive an increasing percentage of total sales of personal luxury goods, offline experiential retail is simultaneously growing in importance amongst consumers in the digital age. Branded restaurants, cafés and bars offer an immersive and multisensory experience to consumers, prompting both heritage brands and luxury retailers to tap into the foodservice opportunity.

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PUBLISHER's Luxury Foodservice in United Kingdom report offers a comprehensive guide to the size and shape of the Luxury Foodservice market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Foodservice retailing along with the development of consumers' shopping patterns. Forecasts to 2023 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

PROSPECTS

LUXURY FOODSERVICE CONTINUES TO GROW

Luxury foodservice is still a small category but it continues to grow in the UK. Whilst online channels and social media presence become increasingly crucial in driving sales of personal luxury goods, customers are also demanding captivating, multisensory and seamless brand experiences.

EXPERIENTIAL LUXURY IS ESSENTIAL FOR HERITAGE BRANDS

Experiential luxury, especially related to foodservice, is becoming a significant trend within the luxury sphere as consumers, particularly, millennials prefer to spend their money on enjoyable life experiences such as travel or trendy restaurant meals rather than products. Status is no longer measured by owning things, rather, it is measured by where an individual is, who they are with and what they are doing.

FOODSERVICE FEEDS INTO THE DEMOCRATISATION OF LUXURY

In a saturated luxury market, luxury brands have to find distinctive ways of capturing consumer interest and loyalty. Younger consumers in particular prefer to buy from brands that share the same values.

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The Luxury Foodservice in United Kingdom market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:
- What is the market size of Luxury Foodservice in United Kingdom?
- What are the major brands in United Kingdom?
- How dynamic is the growth of Luxury Foodservice internet sales?
- What is driving growth?

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- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply function

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