The sold production of butter and dairy spreads in the UK is forecasted to gradually decline from 175.55 million kilograms in 2024 to 170.4 million kilograms in 2028. The year-on-year variation reflects a steady decrease in volume: -0.76% from 2024 to 2025, -0.75% from 2025 to 2026, -0.74% from 2026 to 2027, and -0.72% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) stands at approximately -0.75%, indicating a consistent downward slope in production levels.
Future trends to watch for:
- Consumer preference shifts towards plant-based or alternative spreads could further impact butter and dairy spread production.
- Increasing health consciousness and dietary restrictions may reduce the demand for traditional dairy products.
- Economic factors like inflation and trade policies, especially post-Brexit, could influence production costs and market dynamics.
- Technological advancements and innovations in dairy production might mitigate the declining trend or stabilize it.