The UK Vegetable Oil and Animal Fats sector saw a generally declining employment trend from 2013 to 2023. Employment dropped from 1.35 thousand FTE in 2013 to 1.24 thousand FTE in 2023, with the particularly pronounced year-on-year declines in 2015 and from 2018 to 2023. The 2023 stands at 1.24 thousand FTE, showing a slight decrease of 0.88% from 2022, and the CAGR over the last five years is roughly 0.065%.
Future trends indicate a continued decline, with forecasts showing employment decreasing to 1.18 thousand FTE by 2028, translating to a five-year CAGR of -0.76%. Factors like automation, changing consumer preferences, and potential economic challenges are vital to watch.
