The UK's sold production of ice cream has exhibited fluctuating trends from 2013 to 2023, with a notable dip in 2014, followed by a gradual recovery. In 2023, the production value stood at 344.22 million liters. The year-on-year growth for 2023 was 1.72%, following consistent but moderate increases in the preceding years. Over the last two years (2022-2023), the average yearly increase was around 1.75%. The compound annual growth rate (CAGR) over the past five years (2018-2023) was approximately 1.21%, indicating steady but modest growth.
Looking ahead, from 2024 to 2028, the forecast suggests continued growth at an average annual rate of 1.21%, cumulating in a total increase of 6.2% over this period. Future trends to watch for include potential impacts of market factors such as changes in consumer tastes, innovations in flavors and product formulations, and the influence of health-conscious consumption patterns on overall demand.
