Milk Sector Takes Lead in UK Dairy & Soy Food Market in terms of Consumption, Informs Canadean in Its New Topical Report Available at MarketPublishers
30 Aug 2016 • by Natalie Aster
LONDON – From 2010 to 2015, the UK dairy and soy food market registered stable growth in terms of volume. As for the value, this country market witnessed a 2.1% CAGR (in US dollar terms).
A big share of the UK consumers give preference to time-saving products, thus there is a great demand for more convenient dairy products. During the next five years, the preference of the UK consumers to take non-dairy foods for protein and other nutrition will increase. The average consumption of dairy and soy food in the country stands at almost 2,000 occasions annually.
The milk sector holds the major share of the domestic dairy and soy food consumption volume. It is followed by the cheese and yogurt sectors. In the next 5 years, the butter and spreadable fats sector is predicted to register remarkable value growth, whilst the soy drinks sector will enjoy strong share growth. Local consumers are becoming more and more health-conscious, so dairy products enriched with protein and vitamins will prove successful.
Manufacturers in the UK dairy and soy food marketplace need to offer more good value for money options as prices for the majority of dairy and soy products are higher in the UK if compared to other European countries.
Canadean’s cutting-edge report “Consumer and Market Insights: Dairy and Soy food in the UK” presents access to trustworthy data on the UK dairy and soy food market performance (historical, present and forecast) and examines the top market development trends. It reviews major consumption trends, identifies key consumer groups, scrutinises state of the main product categories as well as identifies key opportunities and top challenges of the domestic dairy and soy food market growth. The research study uncovers updated consumption statistics, discloses data on the market value, volume and shares, touches upon the key factors shaping the market and also provides short-to-medium terms forecasts for the UK dairy and soy food market.
Other cutting-edge reports by Canadean are provided in this Market Publishers’ catalogue.