In 2023, the per capita market size value for milled or broken rice in the UK stood at €10.38. Forecast data indicates a gradual decline from €10.35 in 2024 to €10.22 in 2028. Year-on-year, this translates to slight negative growth rates: -0.39% for 2025, -0.29% for 2026, -0.29% for 2027, and -0.29% for 2028. The compound annual growth rate (CAGR) over this period is -0.31%, suggesting a consistent but modest downward trend over the forecasted years.
Future trends to watch for:
- Potential changes in consumer preferences towards alternative grains, impacting rice demand.
- Economic factors affecting household purchasing power.
- Impact of trade policies and tariffs on rice import prices in the UK.
- Innovations in rice cultivation and production efficiency.