In 2023, the sold production of whey and modified whey in the UK stood at a notable level before the forecasts indicate a steady decline. The forecast from 2024 to 2028 shows a continuous year-on-year decrease, starting from 2024 with 30.971 million euros to 22.229 million euros by 2028. The average decline over these five years reflects a significant compounded annual growth rate indicating a shrinking market in this segment.
Future trends to watch for include:
- Changing consumer preferences towards plant-based proteins could further affect whey demand.
- Potential growth in emerging markets may offer offsetting opportunities.
- The impact of evolving trade regulations post-Brexit on whey production and exports.