The UK Cheese and Curd Market exhibited fluctuations from 2012 to 2022, starting at a value of 5.4976 Billion Euros in 2012 and gradually increasing to 6.0419 Billion Euros in 2022. Year-on-year variations were notable, ranging from a steep decline of 9.71% in 2016 to an increase of 18.67% in 2012. The Compound Annual Growth Rate (CAGR) over the five years ending in 2022 was 3.06%, showing moderate growth. Noteworthy is the relatively stable growth from 2019-2022 with year-on-year increases between 1.08% and 8.52%.
Future trends to watch for include potential impacts from economic shifts such as Brexit, changes in consumer preferences towards plant-based alternatives, and fluctuating dairy prices influenced by global market conditions. These elements could shape market dynamics significantly in the upcoming years.
How does the United Kingdom rank in Cheese and Curd Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 11,715,000,000 | 2023 | +1.8% | +2.97% | View data |
| 2 | 2 Italy | 10,839,000,000 | 2023 | -8.64% | -5.02% | View data |
| 3 | 3 United Kingdom | 6,120,000,000 | 2023 | +1.29% | +2.24% | |
| 4 | 4 Poland | 3,560,800,000 | 2023 | +1.84% | +2.83% | View data |
| 5 | 5 Greece | 1,479,000,000 | 2023 | +1.45% | +0.66% | View data |