The sold production of bread in Sweden has demonstrated fluctuating patterns from 2013 to 2023, with an overall upward trajectory towards the latter years. Between 2013 and 2023, the market saw periods of both growth and decline, with significant drops in 2014 and 2020, counterbalanced by notable increases in 2015, 2017, and more recently from 2021 to 2023. Specifically, in 2023, the value stood at 388.26 million Euros, marking a 13.77% increase year-on-year.
Over the past five years, the compound annual growth rate (CAGR) was 3.93%. Looking ahead, the forecast from 2024 to 2028 predicts a robust growth trajectory, with a projected 5-year CAGR of 6.19% and an overall growth rate of 35.01% by 2028.
Future trends to watch for:
- Continued innovation in healthier bread options
- Increased consumer preference for artisanal and organic breads
- Potential impacts of economic fluctuations and raw material prices
