Between 2013 and 2023, the UK's fresh dairy products production fluctuated, starting at 8.11 million metric tons in 2013 and moving to 7.69 million metric tons in 2023. Notably, there were significant year-on-year variations including a notable decline of 7.39% in 2016 and a notable recovery of 5.15% in 2021. Over the last two years, the production slightly decreased by 0.1% each year. The Compound Annual Growth Rate (CAGR) for the last five years indicates a minor decline of 0.21% per year.
Looking forward to the forecasted period up to 2028, production is expected to decline gradually by a further 0.08% per year, translating to an overall reduction of 0.42% by 2028.
Future trends to watch for include the impact of evolving consumer preferences towards plant-based alternatives, potential changes in agricultural policies due to environmental concerns, and advancements in dairy production technologies that could influence output levels.
