Between 2024 and 2028, the UK is expected to see a gradual decline in household expenditure on fresh baking potatoes, decreasing from 6.05 pence per capita per week in 2024 to 6 pence in 2028. The forecasted compound annual growth rate (CAGR) over this five-year period indicates a slight decline of approximately 0.20% per year. This trend suggests a stable but slightly contracting demand, consistent with changes observed over the past two years.
Future trends to watch for:
- Shifts in consumer preferences towards alternative sources of carbohydrates.
- Potential impacts of economic factors like Brexit on agricultural supply chains.
- Climate change effects on crop yields, influencing supply and pricing of potatoes.