The forecast for household expenditure on infant cereal foods in the UK shows a steady increase in Pence Sterling Per Capita Per Week from 2024 to 2028. The expenditure is expected to rise from 1.89 in 2024 to 2.03 in 2028. Based on the given data, the year-on-year growth rate ranges roughly between 1.6% to 2%.
Looking at the compound annual growth rate (CAGR), the average annual increase over these five years is approximately 1.8%. This indicates a consistent and modest upward trend in spending on infant cereal foods.
For future trends, factors to watch include potential changes in birth rates, evolving consumer preferences towards infant nutrition, and possible economic pressures that may affect household spending capacity. Additionally, innovations in infant cereal food products and marketing strategies could further influence demand.
