Forecast: Primary Solid Biofuels Final Consumption in Food, Beverages and Tobacco Sectors in the UK

In 2024, the primary solid biofuels final consumption in the UK’s food, beverages, and tobacco sectors is projected to be 72.59 thousand TOE, representing a significant increase from 2023's consumption level of 68.91 thousand TOE. This upward trend continues, with forecasted annual growth rates of 5.2% in 2025, 4.8% in 2026, 4.5% in 2027, and 4.2% in 2028. This consistent growth indicates a cumulative average growth rate (CAGR) of approximately 4.67% over the five-year period from 2024 to 2028.

Future trends to watch for include:

  • Technological advancements in biofuel production that could enhance efficiency and reduce costs.
  • Regulatory changes and government incentives aimed at promoting renewable energy consumption.
  • Shifts in consumer preferences within these sectors towards more sustainable production processes.

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