Forecast: Food, Beverages and Tobacco Sector Final Consumption of Natural Gas in the UK

In 2023, the UK Food, Beverages, and Tobacco sector's natural gas consumption stood at 1.51 million tonnes of oil equivalent. Forecasts indicate a gradual decline in consumption, with values decreasing from 1.5 in 2024 to 1.46 by 2028. This represents a minimal year-on-year decrease of approximately 0.67% annually throughout this period. The average compound annual growth rate (CAGR) over the five years from 2024 to 2028 is about -0.67%, reflecting a steady reduction in natural gas usage in this sector.

Future trends to watch for include:

  • The impact of sustainability initiatives and policies on natural gas consumption.
  • Technological advancements aiming to replace natural gas with renewable energy sources.
  • Market dynamics in response to energy prices and evolving consumer demand for eco-friendly products.
  • Regulatory changes encouraging reduced carbon emissions in industrial processes.

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