The UK Condensed Milk Market experienced fluctuations over the 2012-2022 period, starting with a gradual decline from 2012 to 2016, followed by significant growth from 2017 onwards. The market volume dipped from 24.672 million kg in 2012 to 23.399 million kg in 2016, showing negative year-on-year variations, bottoming out with a -1.34% change in 2016.
2017 marked a turnaround, heralded by an 8.28% increase, with subsequent years showing robust growth, peaking at a 15.13% rise in 2018. The trend continued with smaller yet positive year-on-year variations leading to a market size of 31.826 million kg by 2022. The last five years exhibited an impressive CAGR of 4.67% compared to the previous lower growth rates.
In 2023, the market stood at an estimated value of approximately 32 million kg. Trending positively, it reflects resilient consumer demand and potential market expansion.
Looking forward, key trends include potential shifts towards plant-based condensed milk alternatives due to dietary preferences, innovations in packaging, and the impact of health awareness. Monitoring these factors will provide insight into future market shifts and opportunities.
| # | 7 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 205,740,000 | 2023 | +1.98% | +2.04% | View data |
| 2 | 2 United Kingdom | 32,378,000 | 2023 | +1.74% | +2.11% | |
| 3 | 3 France | 15,496,000 | 2023 | -0.11% | -2.62% | View data |
| 4 | 4 Lithuania | 6,070,200 | 2023 | -1.47% | +0.37% | View data |
| 5 | 5 Portugal | 5,381,900 | 2023 | -1.3% | -0.52% | View data |
