The sold production of fresh bread in the UK has demonstrated fluctuating trends over the past decade, experiencing periods of both notable growth and significant decline. In 2023, the market stood at 3.072 billion Euros. There was a marked decline after 2015, with the most notable drops occurring in 2016 and 2018. Recent years have shown modest variations, with a slight downward trend visible.
Year-on-year variations highlight this volatility. For instance, 2015 to 2016 saw a dramatic 21.31% decline, contrasted by a 17.11% surge from 2014 to 2015. From 2022 to 2023, production dipped by 0.83%, while the five-year CAGR was virtually flat at -0.033%. The forecast through 2028 suggests a continued, albeit slow, decline in production with a five-year CAGR of -0.71%, translating to a cumulative five-year growth rate of -3.48%.
Looking ahead, key trends to watch include shifting consumer preferences, the impact of health trends, potential innovations in baking technologies, and sustainability concerns, all of which could influence the trajectory of fresh bread production in the UK.
