The UK’s skimmed milk powder production has seen a steady decrease from 126.5 thousand metric tons in 2015 to 68.94 thousand metric tons in 2023. Notable year-on-year variations include a significant drop of 28.56% in 2018 and a modest increase of 21.33% in 2019. Over the last two years, the production has decreased by 4.54% in 2022 and 4.67% in 2023. The compound annual growth rate (CAGR) over the last five years is -0.53%. Future forecasts suggest a continued decline, with production expected to reach 51.33 thousand metric tons by 2028, reflecting a forecasted 5-year CAGR of -4.68% and an overall projected growth rate decrease of 21.33%
Future trends to watch for:
• Potential impacts of regulatory changes on dairy production.
• Shifts in consumer demand towards plant-based alternatives.
• Technological advancements in dairy processing and production efficiency.
