The forecast for household expenditure on canned peas in the UK shows a declining trend. The projected expenditure per capita per week is set to decrease consistently from 2024 to 2028, indicating a drop from 1.04 pence in 2024 to 0.83 pence in 2028. Compared to actual values in 2023, this decline suggests a shift in consumer spending habits, possibly due to changing dietary preferences or economic factors.
Year-on-Year Percentage Changes:
- 2024 - 2025: -4.8%
- 2025 - 2026: -5.1%
- 2026 - 2027: -6.4%
- 2027 - 2028: -5.7%
Compound Annual Growth Rate (CAGR): -5.5% (2024-2028)
Future Trends to Watch:
- Monitor shifts in consumer preferences towards fresh or alternative vegetable options.
- Consider potential impacts of economic conditions on household spending power.
- Evaluate the role of sustainability and health trends affecting canned goods consumption.
