The groundnut oil market in the UK exhibited a gradual increase from 2013 to 2017, with a rise from 0.032 to 0.043 kilograms per capita. However, from 2018 onwards, the growth stalled, maintaining levels around 0.04 to 0.041 kilograms per capita until 2022, with a slight uptick to 0.042 kilograms per capita in 2023.
- Year-on-year variation for the last two years showed a minimal increase from 0.041 to 0.042 kilograms per capita, highlighting a 2.4% increase from 2022 to 2023.
- The 5-year CAGR from 2018 to 2023 stands at approximately 1.0%, indicating a subdued growth trend.
Future trends to watch for include potential influences of health and sustainability trends on consumer preferences, which could impact groundnut oil consumption. Monitoring any shifts in plant-based diets and culinary oil innovations will be crucial, as these could either spur or hinder market growth.
