The forecasted gross investment in the UK's wholesale of agricultural raw materials and live animals shows steady growth, moving from £220.3 million in 2024 to £246.9 million by 2028. Compared to 2023, where the data registered an investment of £214.0 million, each subsequent year demonstrates consistent year-on-year growth: 3.3% in 2024, 3.1% in 2025, 2.9% in 2026, 2.8% in 2027, and 2.7% in 2028. The compound annual growth rate (CAGR) over the five-year period stands at approximately 3.0%.
Future trends to monitor include:
- Impacts of climate change on raw material availability and cost structures.
- Evolving global trade policies and their effects on the UK import-export dynamics.
- Technological advancements in agriculture affecting supply chain efficiencies.
- Shifts in consumer demand towards sustainable and organic products.