In 2023, the UK’s condensed milk market volume per capita was recorded at 0.48 kilograms. The forecast for 2024 suggests it will remain stable at 0.49 kilograms, with a steady annual growth observed from 2025 to 2028. Specifically, a slight increase in per capita consumption is projected, reaching 0.52 kilograms by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 1.6% over five years, indicating modest yet consistent growth.

Future trends to watch for include:

Potential impacts of new marketing initiatives aimed at diversifying condensed milk use cases.
Changes in consumer dietary habits and preferences, possibly affecting traditional consumption patterns.
Economic factors influencing purchasing power, which could also sway demand.