In 2023, the sold production of milk and cream with a fat content exceeding 21% in immediate packings of not exceeding 2 liters in the UK was valued at 220 million euros. From 2024 to 2028, forecasts show a steady annual increase, with values rising from 222.09 million euros in 2024 to 229.99 million euros in 2028. The year-on-year growth rate averages around 0.90% for the forecast period, indicating a consistent upward trend. Future projections suggest a Compound Annual Growth Rate (CAGR) of approximately 0.87% from 2024 to 2028.
Future trends to watch for include:
- The impact of dietary shifts as consumers increasingly opt for plant-based alternatives, which could influence the demand for high-fat dairy products.
- Potential regulatory changes regarding packaging and fat content that may impact production requirements.
- Continuing innovations in dairy production and packaging technology which could affect production efficiency and cost.