The United Kingdom's butter and ghee production is projected to consistently grow from 158.86 thousand metric tons in 2024 to 162.36 thousand metric tons in 2028. Given that the production stood at a slightly lower figure in 2023, this suggests a steady, year-on-year growth rate of approximately 0.56% to 0.57%. The compound annual growth rate (CAGR) over this five-year period is expected to remain under 1%, indicating an incremental yet stable increase. The market seems poised to handle increasing domestic consumption and potential export opportunities.
Future Trends to Watch For:
- Emerging dietary trends influencing demand for butter and ghee.
- Impact of economic factors on production costs and pricing.
- Technological advancements in dairy processing.
- Shifts in trade policies affecting export markets.
