In 2023, the production of salted, in brine, dried, or smoked hams, swine shoulders, and cuts in the UK stood at 108.62 million kilograms. The forecasted figures for 2024 to 2028 show a steady increase, reaching 119.12 million kilograms by 2028. The year-on-year growth is approximately 2% to 2.5%, indicating a consistent upward trend. The compound annual growth rate (CAGR) over the five-year forecast period is projected at around 1.9%.
Future trends to watch include:
- Potential impact of new trade agreements on supply chains.
- Consumer shifts towards alternative protein sources and their effect on demand.
- Technological advancements in preservation methods enhancing shelf-life and quality.
- Impact of economic factors such as inflation on production costs and pricing strategies.
