In 2023, the palm oil market size volume per capita in the UK stood at 9.91 kilograms per capita. The forecasted data indicates a steady increase, with values rising from 10.14 kilograms per capita in 2024 to 11.05 kilograms per capita by 2028.
Year-on-year variation in percentage for the forecast is as follows:
• 2024: 2.3%
• 2025: 2.3%
• 2026: 2.2%
• 2027: 2.2%
• 2028: 2.0%
The compound annual growth rate (CAGR) from 2024 to 2028 shows an average yearly increase of 2.2%.
Future trends to watch for include the impact of sustainability regulations on palm oil usage, shifts in consumer preferences towards sustainable products, and advancements in palm oil alternatives. These factors could influence both supply and demand dynamics in the UK market.
