In 2023, milk production sold to domestic dairies in the UK was approximately 15.30 billion liters. From 2024 onwards, a steady increase in milk production is forecasted, with 2024 at 15.38, escalating to 15.71 billion liters by 2028. This represents a year-on-year growth ranging from 0.52% to 0.51%. The five-year compound annual growth rate (CAGR) is projected to be around 0.52%.
Future trends to watch for include:
- Potential impacts of climate change on agricultural productivity and dairy farming.
- Increasing consumer demand for dairy alternatives which may affect traditional milk consumption.
- Technological advancements in dairy production and processing.