Forecast: Household Expenditure on Pork Joints in the UK

The forecasted household expenditure on pork joints in the UK shows a gradual decline between 2024 and 2028, with per capita expenditure decreasing from 6.77 Pence Sterling per week in 2024 to 6.39 in 2028. Comparing this with 2023, it's evident there is a consistent downward trend. Year-on-year percentage decreases reflect a consistent reduction, indicative of a possible shift in consumer behavior, possibly towards healthier or alternative protein sources. The compound annual growth rate (CAGR) over this five-year period reveals a negative trend, emphasizing the steady decline in consumption.

Future trends to watch for include:

  • Substitution towards plant-based or other alternative proteins possibly impacting pork consumption further.
  • Economic factors such as inflation affecting household purchasing power and decision-making.
  • Potential policy shifts impacting meat consumption, influenced by environmental and health advocacies.

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