The household expenditure on processed potatoes in the UK is forecasted to grow steadily from 2024 to 2028. In 2023, the expenditure stood at 98.5 Pence Sterling per capita per week. From 2024 to 2028, we see annual increases in consumer spending per capita of around 1.2% to 1.3%. The compound annual growth rate (CAGR) over this period is anticipated to be approximately 1.24%, reflecting a consistent upward trend in consumer spending on processed potatoes.
Future trends to watch for:
- Potential shifts in consumer preference towards healthier or alternative food products.
- Economic factors influencing disposable income and food expenditure patterns.
- Impact of sustainable and local sourcing on processed potato products.