2023 saw the £5.3bn ($6.6bn) UK branded coffee shop market exceed 10,000 outlets for the first time and achieve sales growth well above pre-pandemic levels. However, operators remain cautious amid the ongoing cost-of-living crisis and lower footfall at traditionally busy high street and city centre locations. Based on exclusive data from the Project Café UK 2024 report, World Coffee Portal delves into the vital statistics shaping Europe’s largest branded coffee shop market
The enduring appeal of coffee shop culture in the UK has enabled the branded coffee shop market to weather weakened consumer confidence, high inflation and growing competition over the last 12 months. Project Café UK 2024 shows the £5.3bn ($6.6bn) UK branded coffee shop market achieved 9.2% sales growth in 2023, expanding 3.6% to reach 10,199 outlets.
However, while total sales are above pre-pandemic levels, weakened consumer confidence, high inflation and lower footfall at traditional prime locations have contributed to slowed growth and increased uncertainty.
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