The sold production of cheese and curd in the UK is showing a positive trend, evidenced by projected increases from 2.8342 billion euros in 2024 to 2.9854 billion euros in 2028. This suggests a steady year-on-year growth, ranging from approximately 1.38% to 1.57% during the forecasted period. Over the last two years, from 2022 to 2023, we observed an average annual growth rate of about 1.45%. The compound annual growth rate (CAGR) over the five-year forecast period stands at around 1.5%, indicating consistent growth.
Future trends to watch for include potential impacts of changing consumer preferences, fluctuations in import/export dynamics post-Brexit, and possible shifts towards plant-based alternatives. Monitoring economic conditions and regulatory changes will also be crucial for understanding future performance in this sector.