The forecasted employment in the UK’s vegetable oil and animal fats sector shows a declining trend, starting at 1.28 thousand employees in 2024 and decreasing annually to 1.21 thousand by 2028. Considering the actuals up to 2023, the year-on-year variations indicate a consistent decline around 1-2% per year. The compound annual growth rate (CAGR) over the forecasted period further emphasizes a negative trend, underlining the shrinking workforce in this sector.
Future trends to watch for:
- Technological advancements potentially driving efficiency and reducing labor needs.
- Changes in consumer preferences towards plant-based oils, impacting employment.
- Regulatory shifts in the UK or EU around food production and sustainability.
