Household expenditure on fresh and processed fruit in the UK has shown a consistent upward trend from 2013 to 2023, increasing from 230.32 pence per capita per week in 2013 to 286.04 pence in 2023. The highest year-on-year growth occurred in 2017 with an 8.53% increase. Over the last five years, the average compound annual growth rate (CAGR) was 1.79%. The year-on-year variations for the last two years were 1.81% in 2022 and 1.74% in 2023, indicating a steady market growth.
Future projections from 2024 to 2028 suggest a continuation of this growth trend, with the forecasted household expenditure reaching 309.12 pence by 2028. The forecasted 5-year CAGR is 1.23%, reflecting a modest but steady increase. The expected growth rate over the next five years is 6.28%.
Future trends to watch for include potential changes in consumer preferences towards healthier eating and organic options, the influence of economic factors such as inflation or recession, and the impact of supply chain disruptions on fruit prices and availability.
