In 2023, the UK butter and dairy spreads market stood at 1.0732 Billion Euros. Between 2013 and 2023, there have been fluctuations with an overall downward trend observed since 2017. Notably, the market experienced annual declines of around 0.87% in recent years. The last five years exhibited a compound annual growth rate (CAGR) of -0.24%. Moving forward, the forecasted CAGR from 2024 to 2028 is -0.74%, predicting a continued decline to 1.0239 Billion Euros in 2028.
Future trends to watch for:
- The impact of health-conscious consumer trends on demand.- Innovations in dairy-free and low-fat spreads.- Market responses to economic changes and potential price adjustments.- Enhanced marketing strategies by companies to combat the declining trend.
