The sold production of frozen vegetables in the UK has shown fluctuations from 2013 to 2023, starting at 252.01 million euros in 2013 and reaching 330.85 million euros in 2023. The market experienced significant growth, peaking in 2015 with a notable year-on-year increase of 22.65%. However, it also encountered declines, particularly in 2016 and 2020 with year-on-year drops of 16.24% and 3.81% respectively. Over the last two years, the market maintained a steady growth of approximately 1.44% CAGR.
From 2024 onwards, the forecast data suggests moderate but consistent growth in the market, with the production value expected to reach 355.08 million euros by 2028. The forecasted 5-year CAGR stands at 1.11%, predicting a total growth rate of 5.69% over this period.
Future trends to watch for include:
- Potential market disruptions due to economic fluctuations or changes in consumer preferences.
- Advancement in freezing technology improving product quality and shelf life, possibly boosting demand.
- Impact of sustainability and environmental concerns driving the demand for organic or locally-sourced frozen vegetables.
- Trade regulations and impacts of Brexit on supply chains and production costs.
