In 2023, the production value of spelt and soft wheat in the UK stood at approximately 2.78 billion euros. From 2024 onwards, the forecasted data indicates a steady year-on-year increase, with values rising to 2.81 billion euros in 2024, predicted to reach 2.93 billion euros by 2028. This represents a gradual growth trend, showcasing an average compound annual growth rate (CAGR) of approximately 1% over the five-year period.
Future trends to watch for:
- The impact of climate change on wheat yield and quality.
- Potential shifts in agricultural policy affecting production levels.
- Technological advancements in farming practices that could enhance output.
