In 2023, the household expenditure on meat pies, pasties, and puddings in the UK was approximately 24.38 pence per capita per week. From 2024, this expenditure is forecasted to rise steadily, reaching 26.04 pence by 2028. Year-on-year growth rates show a continuous uptick, with slight increases of about 1.4% annually. Over the five-year forecast period, the compound annual growth rate (CAGR) hovers around 1.3%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards plant-based alternatives.
- Impact of economic factors such as inflation on food prices.
- The influence of health trends on traditional food consumption.
