Analysis of household expenditure on meat pastes and spreads in the UK foresees a steady decline. In 2023, actual spending was 0.40 Pence Sterling per capita per week. Forecasts for 2024 onward show a consistent decrease in expenditure: 2024 (0.38), 2025 (0.36), 2026 (0.34), 2027 (0.32), and 2028 (0.31). Year-on-year variation reflects a -5% annual reduction from 2023 onwards, with a five-year CAGR indicating a continued downward trend.
Future trends to watch for:
- Consumer preferences shifting toward alternative protein spreads.
- Impact of economic conditions on consumer spending habits.
- Potential influence of health trends and dietary changes on product demand.
