In 2023, the production of tea or maté extracts, essences, concentrates, and preparations in the UK was 3.45 million kilograms. Forecasts indicate steady growth from 3.5983 million kilograms in 2024 to 4.2239 million kilograms in 2028. This represents a compound annual growth rate (CAGR) of approximately 4.07% over the five-year forecast period. Year-on-year growth illustrates a consistent upward trend, signaling robust demand and expanding market opportunities in this sector.
Future trends to watch for include:
- Potential shifts in consumer preferences toward organic or sustainable tea products.
- Innovations in product formulations or packaging could influence demand patterns.
- Regulatory changes affecting import-export and production processes.