In 2023, the employment in the Cocoa, Chocolate and Sugar Confectionery sector in the UK was at 17.61 thousand workers. Forecasted employment figures demonstrate a consistent reduction in workforce, starting from 17.34 thousand employees in 2024 and decreasing to 16.3 thousand by 2028. This indicates a year-on-year decrement of approximately 1.5% to 1.7% annually, with a compound annual growth rate (CAGR) reflecting an average decline per year over the five-year period.
Future trends to watch for include technological advancements and increased automation in production processes, which could further impact employment numbers. Additionally, shifts in consumer preferences towards healthier options may drive changes in the market dynamics affecting employment levels. It's crucial to monitor economic factors and regulatory changes, as they can significantly influence the sector's employment landscape.
