Key Market Indicators
The baked goods market is projected to climb to approximately €413 million by 2028, up from around €380 million in 2023. This represents an average annual growth rate of 1.3%. This comes after a period of decline, with the market having decreased by 2.3% year-on-year. Italy, the United Kingdom, and France hold the second, third, and fourth positions, respectively, in this ranking. In the realm of Swedish bread exports, figures are forecasted to reach about $554 million by 2028, rising from roughly $522 million in 2023. This marks an average yearly growth rate of 0.9%. Swedish bread supply has been on an upward trajectory since 1997, increasing by 1.1% annually. On the import side, Sweden's bread imports are expected to hit nearly $565 million by 2028, up from approximately $504 million in 2023. This indicates an average annual growth rate of 1.8%. Since 1997, Swedish demand for imported bread has surged, growing by 2.5% each year.
