There are real business opportunities to be found in the booming ‘food-on-the-go’ sector in the UK.
Any new ‘food-on-the-go’ business whether it’s trading in the humble coffee bean or selling your mother’s favourite rice and chicken recipe out of a food truck is likely to find a ready market.
It is projected that Britain will spend £8bn on takeaways by 2020. Surveys have found that most households will order in 3-4 takeaways per month and for the under 35s they will spend even more on takeouts rather than get in the kitchen.
At the beginning of the year Tesco’s could see that the writing was on the wall for home cooking and decided to make an unexpected £3.9bn bid for the UK’s largest food wholesaler Booker.
Booker supplies the catering sector, restaurant sector and takeaway sector with its raw ingredients. Tesco’s wants some of Booker’s action and it won’t be long before Tesco’s will be supplying the ingredients in your next takeout.
Like many sectors in the UK a small number of businesses dominate ‘food outside the home’ market.
KFC remains a truly massive player in the market with over 500 outlets and revenues of £1bn per year from selling pieces of fried chicken. Another massive player is Domino’s Pizza Group that delivered sales £237m last year.
Whitbread Plc the company behind Costa Coffee is the biggest player in High Street coffee sector. The Costa business has over 2,000 outlets in the UK and contributes huge sales and profits for its parent company.
What all the big players have in common is that they have a clear identity.
‘One thing all these big businesses have in common is that they focus on one thing. If you want to be successful you have to focus on doing one thing well,’ says Sundjata Keita, director of the Afrikan Food Hall.