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Coffee shops stir £7.9bn into market as sales accelerate

Coffee shops stir £7.9bn into market as sales accelerate

Britons spent £7.9bn in coffee shops this year, according to the Project Café 2016 UK report from Allegra World Coffee Portal. Sales across the UK market were 10% higher than 2014 as the number of coffee shops broke past 20,000, driven by a 12% increase in the number of branded coffee chains. Costa, Starbucks and Caffè Nero together control over half the branded coffee shop market, with 1,992, 849 and 620 outlets respectively, and led the sector's 15% growth to £3.3bn in annual turnover. 'When we started writing about the coffee market in 1999, we were told that the market had reached saturation - the mug is already full,' said Allegra MD Jeffrey Young. 'Since then, when Starbucks had only just entered the UK and Costa had about 100 outlets, the market has grown sevenfold and could double over the next decade.'

 

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