The turnover in the UK's wholesale of agricultural raw materials and live animals sector is forecasted to grow steadily from 2024 to 2028. The values indicate minimal year-on-year growth, reflecting modest gains in the industry with a Compound Annual Growth Rate (CAGR) that confirms a gradual increase. As for 2023, the sector stood near these forecasted numbers, implying a stable performance preceding this forecast period.
Future trends to watch for include:
- Potential impacts of Brexit on trade regulations affecting the sector
- Increased demand for sustainable and eco-friendly commodities
- Technological advancements in agricultural supply chains enhancing efficiency
- A focus on adapting to climate change which may influence production and supply dynamics