The UK's sold production of yoghurt and other fermented or acidified milk or cream is projected to grow steadily from 2024 to 2028, with forecasted values increasing each year. In 2023, the recorded figure was 495 million kilograms. Year-on-year growth rates from 2024 to 2028 show consistent increases, indicative of a stable demand within the market, averaging a compound annual growth rate (CAGR) of approximately 1.72%.
Future trends to watch for include:
- Consumer preference shifts towards plant-based or low sugar options, potentially impacting traditional yoghurt sales.
- Impact of economic conditions on purchasing behavior, which might affect overall market growth.
- Innovations in product flavors and formulations that could drive demand.
- Regulatory changes or health trends that could influence production volumes.