The UK cider production value is expected to decrease from €306.82 million in 2024 to €131.45 million in 2028. This represents a significant decline, with year-on-year decreases averaging around 19.62% annually over the five-year forecast period. In 2023, the estimated production value was higher, reflecting a growing concern for producers and stakeholders in the market.
Future trends to watch for include:
- The impact of shifting consumer preferences towards healthier beverages and alternatives.
- Potential regulatory changes influencing cider taxation and production methods.
- Innovation and differentiation strategies by producers to combat declining demand.