The production of dietary supplements in Finland has shown varied trends over the years. From 2017 to 2023, production steadily increased from 31.46 million kilograms to 38.274 million kilograms. Notable deviations occurred, such as an 8.09% decline in 2020, followed by a significant rebound of 9.28% in 2021. More recently, growth has steadied with modest increases of 0.43% in 2022 and 1.38% in 2023.
A year-on-year analysis reveals fluctuations with 12.63% growth in 2018, 5.62% in 2019, and a dip in 2020. In the last two years, 2022 and 2023 showed less volatile growth at 0.43% and 1.38%, respectively. The compound annual growth rate (CAGR) for the past five years stands at approximately 1.02%, pointing towards a stable, though modest, growth trend.
Looking ahead, forecasts for the years 2024 to 2028 predict an annual average growth of 1.02%, reaching up to 40.808 million kilograms by 2028, a 5.2% overall increase from 2023 levels. Future trends to watch will include potential shifts in consumer demand towards health and wellness, innovation in dietary supplements, and regulatory impacts on production.
