The forecast for the UK's household expenditure on butter from 2024 to 2028 shows a steady increase, starting from 20.74 Pence Sterling per capita per week in 2024 to 21.65 in 2028. This trend indicates a growing demand for butter, with year-on-year variations showing incremental growth, reflecting a consistent increase in consumer expenditure. In 2023, before entering the forecast period, the expenditure was slightly lower, emphasizing a gradual upward trajectory.
Future trends to watch for include:
- Changes in consumer preferences towards healthier alternatives which may impact butter consumption.
- Potential price fluctuations due to supply chain factors or changes in dairy industry regulations.
- Impact of economic conditions on consumer spending power and food choices.