Key regions: United States, Brazil, United Kingdom, Spain, Italy
The Milk market in United Kingdom has been experiencing some interesting developments in recent years.
Customer preferences: Customers in the United Kingdom have been increasingly interested in plant-based milk alternatives such as soy, almond, and oat milk. This trend towards non-dairy milk options has been driven by concerns over animal welfare, health, and sustainability.
Trends in the market: Despite the rise in popularity of plant-based milk alternatives, traditional dairy milk still dominates the market in the United Kingdom. However, the dairy industry has been facing some challenges in recent years, including declining milk consumption and increasing competition from other beverage options. In response, some dairy companies have been diversifying their product offerings to include plant-based milk alternatives, while others have been focusing on producing premium, high-quality milk products.
Local special circumstances: One unique aspect of the milk market in the United Kingdom is the popularity of organic milk. Many consumers in the United Kingdom are willing to pay a premium for organic milk, which is seen as a healthier and more environmentally-friendly option. This has led to a growing market for organic milk products, and many dairy companies in the United Kingdom have started offering organic options to meet this demand.
Underlying macroeconomic factors: The milk market in the United Kingdom is also influenced by broader macroeconomic factors, such as changes in consumer spending and government policies. For example, the Brexit vote in 2016 led to a decline in the value of the pound, which increased the cost of importing feed for dairy cows. This, in turn, led to higher prices for milk and other dairy products. Additionally, government policies related to animal welfare and sustainability can also impact the milk market in the United Kingdom, as consumers become more aware of these issues and demand more transparency and accountability from dairy producers.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
