In 2023, the hydrogenated vegetable fats and oils market size volume per capita in the UK stood at 0.31 kg. The forecast data from 2024 to 2028 shows a slight decline from 0.3 kg to 0.29 kg, indicating a relatively stable but slightly decreasing trend. The year-on-year variation from 2023 to 2024 is approximately -3.2%, reflecting a minor reduction. Over the 5-year forecast period, the compound annual growth rate (CAGR) suggests a minimal average decrease in consumption, around -0.65% per year.
Future trends to watch in this market include:
- Growing consumer preference for healthier and more sustainable alternatives could adversely affect hydrogenated oils demand.
- Regulatory changes regarding trans fats may further impact the market.
- Innovation in food manufacturing could drive shifts towards other types of vegetable oils.