The forecasted sold production of skimmed milk powder with a fat content not exceeding 1.5% in packings over 2.5 kg in the UK is set to decline gradually from 2024 to 2028. In 2023, the actual production value stood at around 105 million euros. Year-on-year declines are projected at approximately 0.9% from 2024 to 2025, with a 5-year compound annual growth rate (CAGR) indicative of continued modest contraction.
Future trends to watch for include potential impacts of shifting consumer preferences towards alternative milk products, changes in export demand, and regulatory changes affecting the dairy industry. Monitoring these factors will be crucial for anticipating further market dynamics.
