Forecast: Number of Enterprises in Bakery Products Sector in the UK

The bakery products sector in the UK is set for steady growth from 2024 to 2028, with enterprise numbers increasing from 2.96 thousand to 3.07 thousand. Looking back, in 2023 there were 2.94 thousand enterprises, indicating a consistent trend of gradual growth. From 2024 to 2025, the sector is expected to grow by approximately 1.01%. This growth trend is anticipated to continue with year-on-year rises of 1.00% in 2026, 0.66% in 2027, and 0.99% in 2028. The five-year CAGR from 2024 to 2028 is approximately 0.90%, showcasing solid, incremental expansion prospects.

Future trends to watch for include:

  • Increasing consumer demand for specialty and health-conscious bakery products.
  • Innovation and digital transformation within supply chains to enhance efficiency.
  • Potential shifts due to regulatory changes in health, safety, and environmental standards.
  • The impact of sustainability practices on operational costs and consumer preferences.

Top Countries about Bakery