DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2j5rz3/coffee_and) has announced the addition of the "Coffee & Sandwich Shops Market Report 2013" report to their offering.
This Market Assessment Update reviews the UK's coffee and sandwich shops industry, with a focus on the top ten branded chains in each sector. Over the last decade, these have increased their presence significantly in UK town centres and high streets, with some chains displaying somewhat unstoppable growth.
In total, there are over 15,500 coffee shops in the UK, of which well over 3,000 are chain outlets. Both of these figures are growing. The biggest names are Costa Coffee, Starbucks and Caffè Nero, which own around 85% of the top ten branded outlets between them. Coffee, and by extension coffee shops, have become embedded in UK lifestyles, with many UK consumers drinking more than two cups of coffee every day. Many high-street coffee shops are full from opening to close, with long queues at peak times.
Sandwich shops enjoy an almost equivalent popularity, particularly in busy town centres where workers demand affordable and convenient lunch options. In the sandwich shops sector, Greggs and Subway dominate, representing over 80% of the top ten branded chains' outlets.
Despite ongoing uncertainty created by the economic crisis, and amid criticism that they homogenise the high street, many chains in both the coffee shops and sandwich shops sectors have expanded steadily over recent years. This expansion is likely to continue, with overseas expansion also on the agenda for the larger companies.
The future looks bright for both sectors, but success will depend upon keeping a careful eye on customer expectations and reacting appropriately to changing social and economic contexts. With such popularity, the greatest danger to the large chains may be complacency. Current consumer trends expecting to shape the future development of chains and independents include a growing demand for healthy and ethically sourced products; a wide range of interesting choice; competitive prices; extra services such as Wi-Fi; and, perhaps more than any other factor, convenience.
Independent stores face a greater struggle than the chains to remain competitive, as they lack the financial security that big chains enjoy, particularly the benefits from economies of scale. They are also less able to weather difficult economic periods, and may struggle to invest in new technologies. Their strength lies in their ability to offer a unique, more personal and down-to-earth atmosphere. Some consumers even refuse to visit chain stores, actively seeking out artisan outlets.
The authors predict strong performance for both coffee and sandwich shops over the coming 5 years. The total number of top ten branded coffee shops is expected to grow by 21.7% over the forecast period. For the sandwich shops sector, growth of 18.5% is forecast.
Key Topics Covered:
Executive Summary
Introduction
Strategic Overview
Coffee Shops
Sandwich Shops
PEST Analysis
The Future
Further Sources
For more information visit http://www.researchandmarkets.com/research/2j5rz3/coffee_and
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