Market Size of United Kingdom HRI Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.74 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK HRI Market Analysis
The United Kingdom HRI market is projected to grow, witnessing a CAGR of 2.74% during the forecast period (2020-2025).
- The large presence ofAmerican chain restaurants in the country sourcingAmerican food products, due to the demand for international cuisines, has contributed to market growth.
- Furthermore, ethnic food is quite popular in the United Kingdom, leading toindependent consumer foodservice outlets, such as restaurants, offering cuisines from all over the world to meet distinct food preferences of consumers.
- The increasing number of quick service restaurants, such as KFC, MC Donald's, Pizza Hut, Dominos, and others have captured maximum British consumer attention, looking for convenience in their everyday meal requirement.