In 2023, the import value of protein concentrates and textured protein substances to the UK stood at various levels. From 2024 to 2028, the forecasted values exhibit a mild upward trend from $111.63 million USD to $113.69 million USD, indicating a gradual increase. The year-on-year growth rate hovers around 0.5% to 0.6% annually, showing modest expansion in the market with a stable demand. The compound annual growth rate (CAGR) for this period is approximately 0.5%.
Future trends to watch for include potential shifts due to evolving consumer preferences towards plant-based proteins, regulatory changes post-Brexit influencing import dynamics, and global economic factors that may impact trade and pricing structures.
- Watch for plant-based protein demand shifts
- Regulatory impacts post-Brexit
- Global economic influences on trade
