The UK's lard production is on a steady upward trend from 2024 through 2028, with forecasted values incrementally increasing each year from 15.57 to 15.81 thousand metric tons. Lard production stood at 15.50 thousand metric tons in 2023, which serves as the benchmark for current forecasts. Each year, production is projected to grow modestly by an average of about 0.25% - 0.40% annually. This suggests a consistent, albeit slow growth pattern.
Future trends to watch for include:
- Potential shifts in consumer preferences towards plant-based alternatives, which may impact demand.
- The influence of regulatory changes regarding food production and sustainability standards.
- Fluctuations in pork supply, which could affect raw material availability and pricing.