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January 14, 2020updated 15 Jan 2020 2:50pm

Street food receives huge boost in the UK

Food delivery and street-food startups received a huge boost in the UK as records show that 53% more take-away food shops and mobile street vendors opened than licensed restaurants in 2019.

Food delivery and street-food startups received a huge boost in the UK as records show that 53% more take-away food shops and mobile street vendors opened than licensed restaurants in 2019.

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The records published by Companies House show that 14,363 takeaway and mobile foodservice businesses were registered in 2019, compared to 9,405 licensed restaurants.

Street food in particular has been the source of great influence for both foodservice and retail in recent years, and this will continue to grow as increased access to these types of retailers shape consumers’ consumption habits.

In its Q4 2019 consumer survey, GlobalData found that 33% of global consumers state that street food inspires them to try new food and drinks flavours.

The shift towards this format of food outlet comes as retailers are investing less in bricks and mortar stores and consumers are seeking out increasingly unique and experiential ways in which they consume food and drink products.

Many brands and manufacturers are also trying to capitalise on this in grocery offerings with launches such as Patak’s Street Food range and Street Kitchen’s meal kits. These types of products cannot recreate the experience of al fresco dining in the same way but it is clear that they are taking the key flavour and ingredient trends from these outlets.

Due to its agility, street food is often at the forefront of innovation as it allows new and smaller brands to disrupt the market with original recipe ideas and ingredients. It is also now often seen by councils and developers as a way to revive an area, with increased space being given over to these types of retailers.

As further evidence of the success of this style of dining in the UK, the Street Feast festival will be launching in Manchester this year, as well as having already established a strong position in the London foodie scene. This will give yet more street food brands a platform on which to showcase their creations and innovations this year.

Free Report
img

How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
by GlobalData
Enter your details here to receive your free Report.

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