The UK food and beverages sector is forecasted to experience a consistent decline from 2024 to 2028, with decreasing value added each year. The industry sees a negative change year-on-year, highlighting a challenging environment with an increasing downturn expected over the next few years. This trend signifies a need for industry stakeholders to adapt strategies to mitigate risks and enhance value creation.

Future trends to watch for:

Economic policies or conditions that might improve consumer spending power and industry profitability.
Innovations in food technology and consumer tastes driving demand variations.
Environmental regulations impacting production processes and costs.