The UK’s evaporated and condensed milk production is forecasted to decline steadily from 77.0 thousand metric tons in 2024 to 65.82 thousand metric tons by 2028. This represents a year-on-year decrease of approximately 3-4%, with a notable compounded annual growth rate (CAGR) decline of about 3.2% over the five-year period. This drop indicates a consistent downward trend in production.
Future trends to watch for include:
- Potential shifts in consumer preferences towards plant-based alternatives.
- Changes in dairy industry regulations impacting production costs.
- Market responses to climate change affecting milk production yields.
