The UK’s wholesale of food, beverages, and tobacco sector is projected to see a steady increase in employment from 2024 to 2028, growing from 214,860 to 218,540 employees. In 2023, the sector had 214,860 employees. The year-on-year growth indicates minimal expansion, with less than 0.5% annual increase. The 5-year compound annual growth rate (CAGR) reflects this modest growth trajectory.
Future trends to watch include:
- Impact of automation and AI on employment numbers.
- Changes in consumer demand for healthier and sustainable products.
- Potential regulatory impacts related to Brexit and food standards.
