Key Market Indicators
**Swedish Food Expenditures Expected to Hit €30.6 Billion by 2028** Sweden's food expenditures are projected to climb to €30.6 billion by 2028, up from €27.7 billion in 2023. This translates to an average annual growth rate of 1.6%. Since 1998, the country's demand for food has seen an average annual increase of 3.8%. In 2023, Sweden ranked 11th globally in food expenditures, with Portugal narrowly ahead at €27.7 billion. Leading the rankings were France, Italy, and the United Kingdom, occupying the second, third, and fourth spots respectively. **Swedish Food Sales to Reach €19.6 Billion by 2028** In parallel, Swedish food sales are forecasted to reach €19.6 billion by 2028, rising from €18.1 billion in 2023. This represents a compound annual growth rate (CAGR) of 1.2%. Since 2010, the Swedish market has grown at an average annual rate of 1.7%. In 2023, Sweden ranked 14th in food sales, with Ireland surpassing it at €18.1 billion. France, Italy, and Spain held the second, third, and fourth positions in this category, respectively.
