Market Trends of united kingdom dairy Industry
The rising demand for baked foods, including pizza, baked macaroni with mozzarella, and other cheese and butter-based products, is driving cheese consumption
- In 2022, the per capita consumption of dairy products in the United Kingdom witnessed a growth of 2% compared to 2021. The growth was attributed to the rising demand for bakery products among consumers. Some of these bakery products are dairy desserts (mousses and cheesecakes). The per capita consumption of cheesecakes in the United Kingdom was estimated at 0.93 kg. Considering the demand for dairy desserts and other products, the country increased its dairy imports in the last three years. In 2022, the country imported 11.71 million metric tons of dairy products, a growth rate of 4.35% compared to 2021.
- With the rising demand for baked foods, including pizza, baked macaroni with mortadella, and other cheese-based products, the demand for cheese is rising in the region. Due to the rising demand for cheese among consumers, consistent fluctuation in the prices of cheese was observed in 2022. In 2022, cheese prices observed a growth rate of 32.35% compared to 2021.
- Consumers in Europe are moving toward the consumption of butter-based snack products, such as cookies and crunchies. As a result, the import volume of butter has increased. With the growing demand for butter, there was a significant fluctuation in butter prices, which reached GBP 207.99 per kg. The average price for a tonne is USD 288,456.87 in Birmingham and London. In 2023, the approximate price range for butter in the United Kingdom is between USD 288.46 and USD 5.88 per kilogram or between USD 130.84 and USD 2.67 per pound (lb).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Advanced technology and modern methodologies introduced in the nation's dairy industry enabled the growth of butter production
- The farm-gate milk prices in the country impacting milk production
- The increasing demand for artisanal, local, and traditional cheese products is impacting the production of cheese in the country
