The forecast for household expenditure on liquid pasteurised and homogenised milk in the UK shows a consistent decline from 11.88 pence per capita per week in 2024 to 9.34 in 2028. The year-on-year decreases are 5.47% from 2024 to 2025, 5.7% from 2025 to 2026, 5.95% from 2026 to 2027, and 6.22% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is calculated to be negative, indicating a yearly decrease in expenditure.
Future trends to watch include the impact of changing consumer preferences towards plant-based alternatives, potential price increases due to supply chain disruptions, and shifting demographics impacting the dairy industry's demand dynamics in the UK.
