In 2023, the Manufacture of Machinery for Food, Beverage, and Tobacco Processing in the UK employed approximately 4.86 thousand people. Forecasted figures indicate a gradual decline in employment from 2024 to 2028, with values projected at 4.73 thousand in 2024 and decreasing to 4.2 thousand by 2028. This reflects a year-on-year decline averaging around 3% during this period. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to demonstrate an average annual decrease.
Future trends to monitor include:
- Technological advancements influencing automation and efficiency, possibly reducing labor demand.
- Regulatory changes or shifts in consumer preferences impacting production methods and employment needs.
- Global economic conditions affecting the UK's industrial output and investment in this sector.
