|
Published by: Mintel International Group Ltd.
Published: Apr. 1, 2008 - 104 Pages
Table of Contents
- ISSUES IN THE MARKET
- Main issues
- Definition
- Abbreviations
- MARKET IN BRIEF
- ‘Double whammy’ hits restaurants
- Figure 1: UK restaurant sector growth trends, 2003-08
- Eating out still a priority
- British and European outshines American and ethnic
- The Restaurant Group and Tragus dominate a fragmented industry
- Pub restaurants still provide stiffest competition
- Eating out: still a treat
- STRENGTHS AND WEAKNESSES IN THE MARKET
- Strengths
- Affluence
- Lifestyle factors
- Service
- Specialism
- Weaknesses
- Rising overheads
- Staff shortages
- Vulnerable to trading down
- Smoking ban
- INTERNAL MARKET ENVIRONMENT
- Key points
- Daytime business increases
- Figure 2: Frequency of eating out at restaurants in the last 12 months, 2003-07
- Figure 3: Frequency of eating out at lunchtime on weekdays in the last month, 2003-07
- Adapting to changing tastes
- Figure 4: Types of restaurants visited in the last three months, 2003-07
- Are we truly a nation of foodies?
- Figure 5: Agreement with selected lifestyle statements, 2003-07
- Pricing pressures
- Figure 6: Trends in the cost of restaurant meals compared to all items and food prices, 2002-07
- Other overhead pressures
- Immigration: opportunities and threats
- Energy: cost and green issues abound
- Good service costs nothing
- Provenance: where does it come from?
- Keeping it simple
- Technology: boon or bane?
- Figure 7: British Internet penetration at home/work/place of study or elsewhere, by demographics, Jan 2001-July 2007
- BROADER MARKET ENVIRONMENT
- Key points
- Splash the cash
- Figure 8: Trends in personal disposable income and consumer expenditure, 2003-13
- An ageing population
- Figure 9: Trends in the age structure of the UK population, by gender, 2003-13
- Posh nosh
- Figure 10: Forecast adult population trends, by socio-economic group, 2003-13
- Third age but first priority
- Figure 11: Forecast adult population trends, by lifestage, 2003-13
- Single-minded
- Figure 12: UK household sizes, 2003-13
- COMPETITIVE CONTEXT
- Key points
- Eating out takes priority
- Figure 13: Expenditure priorities, 2006-08
- Figure 14: The UK market for eating out, 2002-07
- Contrasting fortunes
- Figure 15: The UK market for eating out*, by sector, 2001-07
- Pubs up the ante
- MARKET SIZE AND FORECAST
- Key points
- Market treads water
- Figure 16: The UK restaurant market, 2003-13
- Future-proof?
- Factors used in forecast
- SEGMENT PERFORMANCE
- Key points
- Restaurant meals outstrip ethnic sector
- Figure 17: UK restaurant market, by sector, 2003-13
- RESTAURANT MEALS
- British restaurants
- American and themed restaurants
- European restaurants
- Ethnic restaurants
- Factors used in forecast
- COMPANIES AND PRODUCTS
- Key points
- Figure 18: Leading UK restaurant chain operators*, March 2008
- A TO Z RESTAURANTS LTD
- Caprice Holdings Ltd
- Carluccio’s plc
- Clapham House Group plc
- Gaucho Group Ltd
- Greene King
- Individual Restaurant Company plc
- Bay Restaurant Group Ltd
- Living Ventures Restaurants Ltd
- Mitchells & Butlers
- Paramount Holdings Ltd
- Prezzo plc
- Regent Inns plc
- T.G.I. Friday’s UK Ltd
- The Orchid Group
- The Restaurant Group plc
- Town Centre Restaurants Ltd
- Tragus Holdings
- Wagamama Ltd
- Yo! Sushi
- BRAND COMMUNICATION AND PROMOTION
- Key points
- Figure 19: Main media advertising expenditure for selected restaurant chains, by channel, 2007
- TYPE OF RESTAURANTS VISITED
- Key points
- Figure 20: Restaurants visited in the last three months, January 2008
- Pubs continue to dominate the eating out landscape
- The Chinese restaurant eat-in consumer
- The Indian restaurant eat-in consumer
- The Thai restaurant eat-in consumer
- The British restaurant eat-in consumer
- The Italian restaurant eat-in consumer
- The American restaurant eat-in consumer
- Pubs, Chinese and British restaurants the big movers and shakers
- Figure 21: Restaurants visited in the last three months for a meal eaten in the restaurant, 2006 and 2008
- Top takeaway choices consolidate their position
- Figure 22: Restaurants visited in the last three months for a takeaway, 2006 and 2008
- The Chinese restaurant takeaway consumer
- The Indian restaurant takeaway consumer
- FREQUENCY OF VISITING RESTAURANTS
- Key points
- Figure 23: Frequency of visiting restaurants, 2006 and 2008
- Most frequent diners are younger and affluent
- Most frequent diners have broad repertoire
- Figure 24: Frequency of visiting restaurants, by restaurants visited for a meal eaten in a restaurant, January 2008
- APPENDIX: INTERNAL MARKET ENVIRONMENT
- FREQUENCY OF EATING OUT AT RESTAURANTS - DETAILED DEMOGRAPHICS
- Figure 25: Frequency of eating out at restaurants in the last 12 months, by demographic sub-group, 2007
- Figure 26: Frequency of eating out at restaurants during the day in the last 12 months, by demographic sub group, 2007
- Figure 27: Frequency of eating out at restaurants during the evening in the last 12 months, by demographic sub group, 2007
- Figure 28: Frequency of eating out at lunchtime on weekdays in the last month, by demographic sub group, 2007
- AGREEMENT WITH LIFESTYLE STATEMENTS - DETAILED DEMOGRAPHICS
- Figure 29: Agreement with selected lifestyle statements, by demographic sub group, 2007
- Figure 30: Agreement with selected lifestyle statements, by demographic sub-group, 2007
- APPENDIX: TYPE OF RESTAURANTS VISITED
- RESTAURANTS VISITED TO EAT IN - DETAILED DEMOGRAPHICS
- Figure 31: Most popular restaurants visited to eat in, by detailed demographics, January 2008
- Figure 32: Next most popular restaurants visited to eat in, by detailed demographics, January 2008
- RESTAURANTS VISITED FOR A TAKEAWAY - DETAILED DEMOGRAPHICS
- Figure 33: Most popular restaurants visited for a takeaway, by detailed demographics, January 2008
- APPENDIX: FREQUENCY OF VISITING RESTAURANTS
- FREQUENCY OF VISITING RESTAURANTS - DETAILED DEMOGRAPHICS
- Figure 34: Frequency of visiting restaurants, by detailed demographics, January 2008
- APPENDIX: RESEARCH METHODOLOGY
AbstractAfter a period of prolonged growth, restaurant operators have had to come to terms with weaker demand. This has come about through a combination of weakening of consumer confidence and stiffer competition from other sectors, such as pubs, which compete at the value end of the price spectrum. Although consumers do not want to eat out less frequently, there are indications that they are, or may seek to be in the future, trading down in terms of spend per head or the type of outlet they visit. While this is not good news for fine dining and mid-market chains, it will benefit those with a value proposition.
This report assesses the current status of the market and provides some pointers as to the future development of the industry and the major operators that compete within it. It also considers the hypothesis: “How do restaurants create a point of differentiation in a competitive marketplace?” and looks at how restaurants are adapting to changing market conditions and how they might need to respond in the future.
Main themes of the report:- Responding to a rising cost base in terms of staff costs and conforming to increasing red tape.
- Coping with rising food prices, which are putting pressure on menu prices and margins.
- Dealing with increased competition from pub restaurants.
- Adapting to shifting consumer demand driven by weaker confidence levels and the credit crunch.
Get Full Details About This Report >>
|
|
US: 800.298.5699
Int'l: +1.240.747.3093
|
|
|
|
About MarketResearch.com
MarketResearch.com is an online aggregator selling over 160,000 market research reports, company profiles and country profiles from over 600 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.
© MarketResearch.com 2008
|
