In 2024, the forecast for the import of whey into the UK is set at $156.17 million, reflecting an upward trajectory from 2023 levels. The import value is expected to rise steadily through to 2028, reaching $173.5 million. The year-on-year growth from 2024 to 2028 varies slightly, averaging around 2.66% annually. With an average compound annual growth rate (CAGR) of 2.66%, the growth trend indicates a consistent increase in whey imports over the forecast period.
Future trends to watch for:
- Changing consumer preferences towards health-conscious products, which might bolster whey demand.
- Fluctuations in global dairy market prices and currency exchange rates affecting import costs.
- Trade policy adjustments post-Brexit that could impact import agreements and tariffs.