Coffee Culture Boom: UK’s Takeaway Trend Plummets by 85%
The soaring cost of living in the United Kingdom has played a significant role in shaping consumer behaviour, particularly when it comes to dining choices. As living expenses continue to rise, people are becoming more conscious of their spending habits and seeking ways to cut costs. This financial pressure has led many individuals to reconsider their reliance on takeaways.
QuoteSearcher, a UK specialist insurance provider have shared the following statistics over the period 2020-2023:
85% decrease in insurance quotes for Takeaways across the UK from 2020-2023
40% increase in coffee shop insurance quotes across the UK from 2020-2023
With the escalating prices of take-out meals, people are realising that dining out frequently can put a strain on their budgets. As a result, they are opting for more cost-effective alternatives such as cooking at home or seeking affordable dining options that provide better value for their money. The increasing cost of living has compelled individuals to prioritise their expenses, leading them to reevaluate their dining choices and gravitate towards more economical options, ultimately impacting the popularity of takeaways in the UK, which is reflected in the internal quote statistics found by QuoteSearcher.
Ben Morton – Manager – Quote Searcher:
“In recent years, the United Kingdom has witnessed a gradual decline in the popularity of traditional take-away food. Once a convenient option for busy individuals seeking a quick meal, take-away establishments are facing changing consumer preferences, as we see the cost of living rise, we see the fall of the UK takeaway which is replicated in the significant drop in our insurance quotes over the last 3 years.”
“Simultaneously, the UK has experienced a significant rise in the coffee shop trend. Coffee shops have evolved beyond being merely a place to grab a hot beverage; they have become social hubs, community spaces, and lifestyle destinations. The coffee culture has gained immense popularity as people increasingly appreciate the art of specialty coffee, unique flavour profiles, and the craft of skilled baristas.”
“Coffee shops offer a relaxed ambiance, comfortable seating, and a place to socialise or work, providing a respite from the hurried pace of life. This rise in the coffee shop trend represents a shift towards quality experiences, where consumers value not just the product but the entire atmosphere and service that accompanies it. Which shows we value how we spend our money now the cost of living is substantially higher. Here at QuoteSearcher we have seen a 40% surge in enquiries this suggests a shift in trend and consumer behaviour, and likely the reason we are seeing more and more coffee shops appearing on our high streets. ”