Over the past decade, the dairy and cheese processing production value in Sweden has experienced fluctuations. From 2013 to 2016, the industry faced a downward trend with notable declines, particularly in 2015 (-10.83%). However, the period from 2017 to 2023 exhibited a more stable phase with moderate year-on-year variations ranging from 0.14% to 1.42%. As of 2023, the production value stood at 2.3 Billion Euros.
Forecasts from 2024 to 2028 suggest continued stability with an average annual growth rate (CAGR) of 0.11%. By 2028, the value is expected to marginally increase to 2.31 Billion Euros, reflecting a slow and steady growth trend over the forecasted period.
Future trends to watch for:
- Potential impacts of global supply chain disruptions on production costs and pricing.
- Shifts in consumer preferences towards plant-based alternatives and their influence on the market.
- Technological advancements in dairy processing and automation improving efficiency.
- Regulatory changes related to environmental sustainability and animal welfare impacting production practices.
