The historical data on dried infant milk consumption by households in the UK shows significant variability between 2013 and 2023. The year 2023 recorded a value of 47.32 Unit Equivalents Per Milliliter Per Capita Per Week. Over the years, starting from a high in 2013 at 61.21, there have been substantial dips, notably steep declines in 2014 and more stable consumption trends between 2017 and 2023. On a year-on-year basis, variations demonstrate considerable fluctuations, such as a dramatic decrease of -32.4% in 2014, a growth of 43.94% in 2015, minor changes in subsequent years, finally stabilizing with minimal decreases of around -0.13% from 2020 onwards. The 5-year CAGR from 2019 to 2023 is modest at 0.34%.
Forecast data from 2024 to 2028 suggests a consistent and slight downward trend with a forecasted 5-year CAGR of -0.11%, leading to a predicted value of 47 by 2028. Future consumption is expected to see very minor declines annually.
Future Trends to Watch For:
- Potential impact of increasing parental preference towards natural and organic infant nutrition options.
- Technological advancements and innovations in infant milk formulation.
- Influence of changing demographics and birth rates in the UK on infant milk consumption patterns.
- Economic factors and their potential effects on household spending on infant nutrition products.
