In 2023, household expenditure on malt bread and fruit loaves in the UK was 2.96 pence per capita per week. The forecast for 2024 shows a slight increase to 3.01 pence. By 2028, it is anticipated to rise to 3.23 pence. This indicates a gradual upward trend with an approximate 1.3% year-on-year growth rate. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be around 1.7%, signifying steady growth in household spending on these products.
Future trends to watch:
- Consumer preference shifts towards healthier bread options may impact spending.
- Inflation and economic factors could influence disposable income and expenditure.
- Market innovation and product differentiation might increase demand.
