From 2013 to 2023, the dairy and cheese processing industry turnover in the UK has experienced fluctuations. Starting from 10.95 billion euros in 2013, it saw a peak at 12.24 billion euros in 2014 before entering a period of decline and stabilization. By 2023, turnover was 10.8 billion euros, reflecting modest growth and an overall stabilization in recent years.
Year-on-year variations show significant swings, such as a notable increase of 11.79% in 2014 followed by a -9.7% drop in 2016. From 2018 onwards, the industry saw smaller, more consistent changes, with variations roughly around 0.27%—evident from 2020 through 2023. The forecasted data suggest a stable growth with a forecasted CAGR of 0.19% leading to a turnover of 10.93 billion euros by 2028, further emphasizing consistency.
The future trends to watch for include potential market consolidation, investments in sustainable production practices, and the impact of global dairy market fluctuations due to changing consumer preferences and potential legislative changes. Observing these factors will be key to understanding the underlying forces in the dairy and cheese processing industry.
