Thirst Link has reported before that the UK coffee shop market is on the up, and this has again been confirmed in a recent report which states that the total UK coffee shop market is estimated at over 18,000 outlets and continues to outperform the UK retail sector with significant sales growth of 10.7% on last year with £7.2 billion total turnover.
This market is predicted to exceed 27,000 outlets and £16.5 billion turnover by 2020,
After 16 years of considerable growth, the coffee shop sector continues to be one of the most successful in the UK economy, with the main players being Costa, Starbucks and Caffè Nero with a combined share of 56% of the branded chain market by outlet numbers.
Coffee quality is considered by consumers to be a given. Increasing competition provides consumers with better choice of quality coffee at home, at work and wider variety from non-specialists.
Although the report primarily concentrated on the state of the UK coffee shop market, it also noted that gourmet vending is outpacing the UK coffee shop market, growing at 27% in 2014 to reach 5,237 units and is worth an estimated £230 million.