The turnover for fruit and vegetable processing in the UK has shown a fluctuating pattern from 2013 to 2023. It stood at €9.07 billion in 2023. Initially, there were significant increases, with notable peaks around 2015. This was followed by a decline and relative stabilization in the subsequent years. From 2016 to 2023, the market saw moderate growth, peaking just before the forecasts began.
Year-on-year variations indicate volatility, with significant increases and declines. From 2022 to 2023, the growth rate was 1.31%, slightly lower than previous years. The Compound Annual Growth Rate (CAGR) over the past 5 years (2018-2023) averaged 2.11%, reflecting an overall growth trend with mild fluctuations.
Looking ahead, forecast data up to 2028 suggests steady growth in the fruit and vegetable processing sector. The forecasted 5-year growth rate is pegged at 4.77%, with an annual CAGR of 0.94%. This indicates a period of stable, albeit slow, expansion.
**Future Trends to Watch For:**
• Technological advancements in processing techniques
• Increased consumer demand for healthy and processed food
• Impact of environmental regulations and sustainability initiatives
• External factors such as Brexit and global supply chain dynamics
