Research and Markets has predicted that the dairy market in the UK is expected to increase to a value of $16.4bn by the End Of 2015.
Highlights of the report include:
- The dairy market consists of retail sales of cheese, chilled desserts, cream, fromage frais, milk, spreadable fats and yogurt. Any currency conversions used in the creation of this report have been calculated using 2010 annual average exchange rates.
- The UK dairy market generated total revenues of $13.8bn in 2010, representing a compound annual growth rate (CAGR) of 5.5% for the period spanning 2006-2010.
- Milk sales proved the most lucrative for the UK dairy market in 2010, generating total revenues of $5.2bn, equivalent to 37.5% of the market's overall value.
- The performance of the market is forecast to decelerate, with an anticipated CAGR of 3.5% for the five-year period 2010-2015.
Source: Research and Markets