As the UK's foodservice market looks forward to growth in 2014 entrepreneurial operators are seizing the opportunity to rollout new eating out concepts at a faster rate than the sector has seen for several years.
Horizons latest 'Ones To Watch' report, which tracks the rate of expansion of emerging eating out brands, lists 35 concepts that now qualify for inclusion, with a distinct trend towards niche operators such as those selling crepes, burritos, juices, gourmet burgers and pies.
To qualify for inclusion in Ones To Watch a restaurant or quick service concept must have between five and 25 outlets and a growth in outlet numbers of at least 20% over the past three years combined. For the third consecutive Ones To Watch report the number of brands meeting the criteria for inclusion has increased, with 115 brands qualifying in April 2014 compared with 105 in October 2013.
Now the economic climate is in recovery, and consumers are starting to spend again, we are seeing the emergence and growth of some exciting new eating out concepts as well as those that are now starting to grow their estates. Names such as Pieminster, Tiger Bills and Burger & Lobster are for the first time making an appearance in Ones To Watch as they reach five or more outlets,? commented report author Nicola Knight, Horizons? director of services.