The forecast for imports of extracts and juices derived from meat, fish, and aquatic invertebrates into the UK indicates a steady decline from 2024 to 2028. In 2023, the value stood higher than future projections. Each subsequent year sees a decrease in import value, with year-on-year decreases suggesting challenges in either demand, supply, or both. The Compound Annual Growth Rate (CAGR) over this period emphasizes an overall downward trend in the market.
Looking ahead, key trends to monitor include:
- Potential shifts in consumer preferences towards plant-based alternatives.
- Changes in trade regulations and tariffs post-Brexit affecting import costs.
- Global supply chain dynamics and their impact on raw material availability.
