The processed milk market in the UK has shown fluctuations over the past decade. Notably, in 2013, it peaked at 7.56% growth, only to face consecutive declines from 2014 to 2016, with the steepest drop being -6.57% in 2016. The market rebounded sharply in 2017 with a 13.91% increase, followed by modest growth in 2018. From 2019 onwards, the market demonstrated slight fluctuations, generally trending downward with minimal yearly changes. In 2023, the volume stood at 6.3211 billion kilograms, showing a year-on-year decrease of -0.27%. The average variation per year over the last five years resulted in a -1.23% CAGR.
Future trends to watch for:
- Continuous innovation in dairy alternative products.
- Increasing consumer demand for organic and health-conscious variants.
- Greater emphasis on sustainable and eco-friendly production processes.
