The raw milk availability in the UK was 14.4 billion liters in 2023. Forecasts indicate a steady increase from 14.5 billion liters in 2024 to 14.8 billion liters by 2028. This suggests a consistent year-on-year growth of approximately 0.55% to 0.57%. Over the five-year forecast period, this equates to a compound annual growth rate (CAGR) of about 0.55%.
Future trends to watch for include:
- Potential impacts of climate change on milk production.
- Regulatory changes affecting dairy farming practices.
- Shifts in consumer demand for plant-based alternatives.
- The influence of trade agreements and tariffs post-Brexit.
