Household expenditure on processed fruit and fruit products in the UK has seen notable fluctuations over the past decade, starting from 75.56 pence sterling per capita per week in 2013 and declining until 2015, before stabilizing and rising again to 80.94 pence by 2023. The year-on-year variation has varied significantly, from sharp declines between 2013 and 2015 to more modest annual increases over recent years. The last five years show a compound annual growth rate (CAGR) of 1.34%, demonstrating a gradual upward trend.
Looking ahead, forecasts indicate a continued moderate increase in expenditure, reaching 85.8 pence by 2028. The forecasted 5-year CAGR is 0.92%, showing that the growth rate is expected to slow slightly compared to recent historical data.
Future trends to watch for include:
- Potential impacts of economic fluctuations on household spending behavior.
- Shifts in consumer preferences towards healthier or more convenient processed fruit options.
- Influence of supply chain disruptions and global trade policies on product pricing.
