Obesity concerns hit fast food
01 September 2004
Concern over rising obesity levels has eaten into demand for fast food and slowed down the overall growth of the restaurant market, according to a new report by Key Note.
The amount spent in 2003 on fast food dropped by 3.2% to £3b, although this still accounted for a quarter of consumer expenditure on restaurant meals.
The good news for other operators is that the total restaurant market grew by 2.8% to £12b over the same period.
Key Note predicted that fast-food restaurants would continue to lose market share in 2004 and 2005, although it forecast that the overall restaurant market would grow by between 5.1% and 5.9% from 2006 to 2008 to be worth £15.2b.
Source: Caterer & Hotelkeeper magazine, 2 September 2004
