In 2023, the gross income of agricultural products and livestock in the UK stood at approximately 7.02 billion pounds sterling. From 2024 onwards, a forecasted steady increase is observed: 7.2 billion pounds in 2024, rising to 7.91 billion pounds by 2028. This represents a year-on-year growth of around 2.5% on average. The 5-year compound annual growth rate (CAGR) is projected at approximately 2.4%, indicating a consistent upward trajectory in the sector.
Future trends to watch include the impact of climate change on agricultural yields, advancements in agri-tech, and potential shifts in trade policies post-Brexit, all of which could significantly influence income figures.
