Cheese production in the UK has shown a general upward trajectory from 2013 to 2023, with an actual production value standing at 434.69 thousand metric tons in 2023. Variations year-on-year indicate periods of stronger growth (e.g., 6.77% in 2014) and slight declines (e.g., -4.24% in 2020), with an average growth rate of 0.78% per year over the last 5 years ending in 2023.
Significant trends to note include the recovery phase experienced post-2020 dip and a consistent uptick from 2021 to 2023. The forecast for the next 5 years anticipates a moderate growth rate, with a CAGR of 0.59% and an overall increase of 2.98% by 2028.
Future trends to watch for:
- Potential impact of economic factors, including Brexit-related trade changes.
- Consumer preferences for specialty and artisanal cheeses.
- Technological advancements in dairy farming and cheese production.
- Environmental regulations influencing production methods and costs.