In 2023, there were approximately 743 dairy product enterprises in the UK. The forecast for the number of enterprises from 2024 to 2028 indicates a steady growth path. Year-on-year growth is expected to range between 1.3% and 1.4%, reflecting a stable increase in the sector. The compound annual growth rate (CAGR) over the five-year period is projected to be around 1.5%.
Future trends to watch for include potential impacts from technological advancements and sustainability practices, which may influence the number and nature of enterprises in the sector. Additionally, fluctuating consumer preferences towards plant-based alternatives could affect traditional dairy enterprises' growth.
