The production of whole dried milk in the UK has seen a consistent decline over the past decade. From 2013 to 2023, the production volume decreased from 45.0 thousand metric tons to 31.43 thousand metric tons. Specifically, the year-on-year variation dropped significantly, particularly noticeable in years like 2020 (-8.41%) and 2023 (-3.77%). The compound annual growth rate (CAGR) over this period has been negative, reflecting a steady reduction in production.
Since 2024, forecasted data indicate a continued decline. By 2028, production is expected to fall to 24.99 thousand metric tons, with a forecasted 5-year CAGR of -3.64% and a marked 16.9% reduction in overall production volume. Over the last two years, the decline persists and the last reported year-on-year variation shows -3.77% as of 2023.
Future trends to watch for include changes in consumer preferences towards alternative milk products, potential economic shifts impacting dairy farming, and technological developments in dairy production. Sustainability considerations and evolving health trends could further influence market dynamics.
