The Refined Maize Oil market in the UK has experienced a consistent downtrend from 2013 to 2023, with per capita consumption decreasing from 0.051 kg to 0.014 kg. The last two years saw a decline of 12.5% in 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the past five years was -10.56%, indicating a persistent decrease in market size.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier oil alternatives.
- Potential regulatory changes affecting maize oil production and importation.
- Increasing market focus on sustainable and organic products.
- Potential impacts of inflation and economic conditions on consumption patterns.
