Vegetables - United Kingdom

United Kingdom

Gross production value in Vegetables market is projected to amount to US$238.60m in 2024. An annual growth rate of 3.24% is expected (CAGR 2024-2028), resulting in gross production value of US$271.10m in 2028.
The import value in Vegetables market is projected to amount to US$3.6bn in 2024. An annual growth rate of 3.59% is expected (CAGR 2024–2028).
The export value in Vegetables market is projected to amount to US$95.8m in 2024. An annual growth rate of -6.47% is expected (CAGR 2024–2028).

Key regions: Germany, Brazil, Spain, Italy, United Kingdom

Market

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Analyst Opinion

The demand for vegetables in the United Kingdom has been on the rise in recent years, driven by a growing interest in healthy eating habits and sustainable living.

Customer preferences: Consumers in the United Kingdom are increasingly seeking out fresh, locally sourced produce, with a particular emphasis on organic and non-GMO options. In addition, there has been a surge in demand for plant-based diets, leading to a higher consumption of vegetables and a shift away from meat-based meals.

Trends in the market: One key trend in the United Kingdom's vegetable market is the rise of urban farming and community gardening initiatives, which allow consumers to grow their own produce and support local agriculture. Another trend is the increasing popularity of pre-packaged, ready-to-cook vegetable options, which cater to busy consumers looking for convenient and healthy meal solutions.

Local special circumstances: The United Kingdom's climate and geography present unique challenges for vegetable production, with a relatively short growing season and limited arable land. As a result, many UK farmers have turned to innovative growing techniques such as hydroponics and vertical farming to maximize their yields and meet demand.

Underlying macroeconomic factors: The United Kingdom's focus on sustainable agriculture and healthy eating aligns with broader global trends, and is supported by government initiatives such as the "Green Brexit" plan to support environmentally friendly farming practices. In addition, the COVID-19 pandemic has highlighted the importance of local food supply chains and bolstered demand for fresh, healthy produce.

Methodology

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.