The import of cheese and curd to the UK stood at $2.35 billion in 2023, marking a steady rise through to 2028 with forecasted values reaching $2.4919 billion. From 2024, the import values exhibit annual growth, with year-on-year percentages reflecting consistent increases: approximately 1.2% for 2025, 1.2% for 2026, 1.2% for 2027, and 1.1% for 2028. This suggests a Compound Annual Growth Rate (CAGR) of about 1.1% over the five-year period.
Future trends to watch for include:
- Changes in global dairy market dynamics, including trade relationships and tariffs.
- Impact of sustainability practices on production and import costs.
- Shifts in consumer preferences toward specialty or plant-based cheese alternatives.
- Potential economic fluctuations affecting consumer purchasing power in the UK.