The UK Wheat or Meslin Flour Market saw a continuous decline from 2013 to 2023, with a notable drop in volume by 10.16% in the initial years, stabilizing somewhat towards recent years. In 2023, the market size stood at 3.5478 Billion Kilograms, showing a minor annual decline of 0.41% compared to 2022. Over the last five years, there has been an average annual decrease of 0.53% (CAGR).
Looking ahead to 2028, the market is anticipated to shrink further with an average annual decline (CAGR) of 0.35% and an overall decrease of 1.72% in forecasted volume.
Future trends to monitor include:
- Shifts in consumer dietary preferences, particularly a move away from flour-based products.
- Policy changes related to agricultural production and import regulations impacting wheat supply.
- Technological advancements in flour production and potential increase in alternative flours.