The forecasted household expenditure on coffee beans and ground coffee in the UK shows a consistent upward trend from 2024 to 2028.
Year-on-year variations indicate a steady increase in expenditure:
- 3.7% increase from 2024 to 2025
- 3.6% increase from 2025 to 2026
- 3.5% increase from 2026 to 2027
- 3.2% increase from 2027 to 2028
The Compound Annual Growth Rate (CAGR) for the forecast period is approximately 3.5%, suggesting a stable growth rate annually.
Future trends to watch include changing consumer preferences towards premium and specialty coffee varieties, potential impacts of economic conditions on discretionary spending, and the influence of sustainability trends in coffee sourcing on consumer buying behavior.
