As of 2023, the sold production of machinery for the industrial preparation or manufacture of food or drink, including fats or oils, stood at 44.67 thousand items in the UK. The forecast from 2024 to 2028 shows a declining trend, with annual figures dropping from 43.91 thousand in 2024 to 40.94 thousand in 2028. The year-on-year percentage variations indicate a consistent decrease, averaging a compound annual growth rate (CAGR) of approximately -1.3% per year over the five-year forecast period.
Future trends to watch for include technological advancements in machinery, potential changes in regulatory standards, and shifts in consumer preferences towards sustainability, which could influence production levels. Additionally, any significant economic changes or trade agreements may also impact future production rates.
