The projected household expenditure on takeaway chicken in the UK is set to rise consistently from 2024 through 2028, indicating a steady increase in consumption. In 2023, this expenditure stood at 15.35 Pence Sterling per capita per week. The year-on-year growth rates reflect a modest upward trajectory, with increases expected each year. Specifically, from 2024 to 2025, a 2.73% growth is anticipated, followed by subsequent yearly increases of 2.65%, 2.53%, and 2.41%, culminating in a 2.40% rise by 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is projected at approximately 2.54%.
Future trends to watch for include:
- Potential impacts of economic conditions on disposable income and discretionary spending.
- Changes in consumer behavior towards health-conscious dining choices, potentially affecting demand.
- Market innovation in terms of menu offerings and delivery options that could drive sales.
