The UK beer production value stood at 6.40 billion Euros in 2023. Based on the forecasted data, the value is projected to decline year-on-year from 2024 through 2028. Specifically, the beer production value is expected to decrease by approximately 1.75% from 2023 to 2024, continuing at an average annual rate of around 1.80% over the next five years. By 2028, the value is anticipated to reach 5.86 billion Euros, marking a gradual decline in the industry's production value.
Future trends to watch for include:
- Potential shifts in consumer preferences towards craft beer and alternative beverages.
- The impact of economic factors such as inflation and purchasing power on beer consumption.
- Regulatory changes and their effects on production costs and pricing.
- Technological advancements and process optimizations in brewing.