The forecasted household expenditure on liquid whole milk in the UK shows a decreasing trend from 2024 to 2028. Starting at 12.15 pence per capita per week in 2024, it is projected to decline progressively each year, reaching 9.48 pence by 2028. This represents a compound annual growth rate (CAGR) decrease as demand shifts. Notably, in 2023, the expenditure stood at 12.82, demonstrating a clear downward trajectory.
Future trends to watch include:
- Consumer preference shifts towards plant-based alternatives.
- Impact of potential regulatory changes on dairy pricing.
- Economic factors affecting disposable household income.
