The forecast for the cured pork cuts market in the UK indicates a declining trend. In 2023, the market stood at 506 million kilograms. By 2024, it is expected to decrease to 493.43 million kilograms, marking approximately a 2.5% drop year-on-year. This descending pattern is expected to continue with a consistent year-on-year decline of around 2.4-2.6% through to 2028, resulting in a projected market volume of 447.59 million kilograms. The compound annual growth rate (CAGR) over this five-year period is anticipated to be around -2.3%.
Future trends to watch for include:
- Shifts in consumer preferences towards plant-based or alternative proteins, potentially accelerating the decline in pork consumption.
- Environmental concerns and sustainability demands influencing production practices and market dynamics.
- Economic factors such as inflation impacting purchasing power and consumption patterns.
- Regulatory changes in food safety and import/export policies post-Brexit influencing domestic market stability.
