The production of protein crops in the UK, expressed in million Euros, showed a fluctuating trend from 2013 to 2023. Notable points include significant growth in 2015, a sharp decline in 2018, and a stabilization phase from 2019 onward. By 2023, the production value stood at 172.69 million Euros, representing a marginal year-on-year increase of 0.3%. The 5-year CAGR from 2019 to 2023 was 6.31%, indicating consistent growth during this period.
Looking forward, the forecasted data suggest a stable but modest growth pattern, with a forecast 5-year CAGR of 0.19% from 2024 to 2028. This translates to an overall 0.94% growth rate by 2028, reaching a production value of 174.78 million Euros. It indicates a steady yet slow upward trend.
Future trends to watch for include the impact of agricultural policy changes, advancements in crop technology, and shifting demand patterns for plant-based proteins. Monitoring these factors will be crucial in accurately projecting future production trajectories.
