As of 2023, turnover in the grain mill products, starches, and starch products manufacturing sector in the UK stood at 5.83 billion pounds sterling. The forecast for 2024 to 2028 indicates a slight downward trend, with turnover decreasing marginally each year, reaching 5.79 billion pounds by 2028. This represents negligible year-on-year variations averaging close to zero percent. The five-year compound annual growth rate (CAGR) reflects a very modest decline.
Future trends to monitor include:
- Potential impacts of regulatory changes on supply chains.
- Technological advancements in manufacturing processes.
- Shifts in consumer demand towards healthier and sustainable products.
- Global trade implications post-Brexit.
