The UK dairy products market showed a mix of growth and decline from 2012 to 2022. The market value fluctuated, starting at 15.117 billion euros in 2012 and reaching 15.351 billion euros by 2022. Significant drops were seen in 2013 (-0.95%) and 2016 (-22.08%), but there were also periods of recovery, such as in 2014 (7.41%) and 2015 (6.9%). The compound annual growth rate (CAGR) over the last five years ranged from -2.44% to 2.66%. For 2023, the market is predicted to slightly increase by approximately 0.5% year-over-year.
Future trends to watch for include potential market stabilization post-2022, influenced by changes in consumer preferences, economic conditions, and regulatory adjustments. Additionally, sustainability and innovation in dairy alternatives could impact market dynamics significantly.
How does the United Kingdom rank in Dairy Products Market Size Value?
| # | 19 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 29,301,000,000 | 2023 | +1.75% | +1.82% | View data |
| 2 | 2 Italy | 22,897,000,000 | 2023 | +0.22% | +0.59% | View data |
| 3 | 3 United Kingdom | 15,427,000,000 | 2023 | +0.5% | +1.71% | |
| 4 | 4 Poland | 8,471,800,000 | 2023 | +1.69% | +3.05% | View data |
| 5 | 5 Sweden | 2,959,000,000 | 2023 | +0.2% | -0.97% | View data |
