UK leads the way as European coffee market continues to grow

Industry
20/12/2017 - 07:00
According to a new study, the European coffee industry has grown by 6.4% in value this year thanks to growth in the UK - making it the continent’s most profitable market.

Britain leads the way among its European peers with a net coffee shop opening rate of + 421, found Allegra World Coffee Portal's annual Project Cafe2017 report.

Overall, Allegra estimated that the UK’s coffee-selling outlets, including chains such as Greggs, Pret a Manger and EAT., brought in £8.9 billion in turnover for the year, a 12.6% year-on-year rise.

According to the report, there are now more than 6,850 specialist coffee shops in the UK, over 4,000 more than Europe’s next two biggest markets in Turkey (2,714) and Russia (2.172).

Costa, McCafé and Starbucks collectively hold almost a third of Europe’s branded coffee market at 32% with the next largest firm being British chain, Caffe Nero.

Allegra predicts the total UK coffee shop market will exceed 32,000 outlets and a turnover of £16 billion by 2025.

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