The UK milled or broken rice market size volume in 2023 stood at 442.35 million kilograms. Evaluating the data from 2013 to 2023, the market experienced moderate fluctuations. Between 2013 and 2017, the market generally increased, peaking at 478.93 million kilograms in 2017. However, from 2018 onwards, there has been a noticeable decline, with a year-on-year decrease of 0.44% in 2022 and 2023.
Over the past five years, the compound annual growth rate (CAGR) has been slightly negative at -0.0031%. Looking to the future, the market is forecast to continue its downward trend with an estimated 5-year CAGR of -0.37%, leading to a predicted market size of 432.25 million kilograms by 2028.
Future trends to watch for:
- Potential impacts of climate change on rice production and supply chains.
- Shifts in consumer preferences towards alternative grains or diets.
- Government policies or trade agreements affecting rice imports.
