CHICAGO, Dec. 23, 2014 /PRNewswire/ -- At an exclusive session for its Foodservice Planning Programme clients, Technomic revealed its inaugural market mapping of the UK, providing a fresh look at foodservice industry market size and segmentation data, as well as expectations for foodservice industry performance, by segment, through 2015.
Overall, improvement in the marketplace is expected next year, with 2015 industry growth forecasted at 3.2 percent.
"The foodservice market is moving in a positive direction and steady growth is evident, led by strengthening performance for operators in the commercial sector," explains David Henkes, Technomic Vice President. "The cost sector is subject to slower growth, but improvements at the macroeconomic level will boost business slightly next year."
[View detailed 2014/2015 UK Foodservice Industry Growth Forecast]
Henkes points out that while the market will improve overall in 2015, some segments such as quick-service restaurants and food-led pubs are doing better than other restaurant segments, such as drinks-led pubs.
One particularly bright spot in the industry is the travel and leisure foodservice segment, which is expected to grow 5.5 percent in 2015. This is a result of ongoing improvements in the hotel/lodging sector and greater inbound tourism.
Among its numerous research and consulting services, Technomic offers clients bespoke market sizing/segmentation studies and industry forecasts with expanded details. A summary of the latest UK industry figures can be found here.
Technomic's U.K. Foodservice Planning Programme is a sponsor-based share group dedicated to providing ongoing intelligence and insights into the foodservice sector. As a shared investment research programme, it serves the needs of senior supplier executives responsible for foodservice and away-from-home sales and marketing within their company.
Membership in the U.K. Foodservice Planning Programme provides exclusive access to the best resources for comprehensively analyzing critical issues facing the industry (via three major studies each year, selected by sponsoring organisations), as well as numerous collateral benefits.
Only Technomic delivers a 360-degree view of the food industry. We drive growth and profitability for our clients by providing the most reliable, consumer-grounded, channel-relevant data with forward-looking strategic insights. Our services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Our clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations, and various institutions aligned with the food industry. Visit us at technomic.com
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SOURCE Technomic Inc.