The number of enterprises in the UK's dairy and cheese processing sector is forecasted to rise from 398 in 2024 to 411 in 2028. This reflects consistent growth with average year-on-year increases of around 0.75% from 2024 to 2028. Calculating the Compound Annual Growth Rate (CAGR) over this five-year period, the sector is anticipated to grow annually by approximately 0.81%.
Future trends to watch for include:
- Technological advancements enhancing efficiency and sustainability in operations.
- Changing consumer preferences towards plant-based and alternative dairy products.
- Potential impacts of Brexit-related policy changes on import and export dynamics.
- Increased focus on reducing carbon emissions and improving eco-friendly practices in the dairy sector.
