The sugar market size in Finland has seen a consistent decline, starting from 332.42 Million Euros in 2013 to 180.64 Million Euros in 2023. Notable decreases occurred between 2015 and 2016 (-12.45%) and between 2018 and 2019 (-4.04%). The year-on-year variation for 2023 was a -2.1% decrease. The compound annual growth rate (CAGR) over the last 5 years was -3.51%.
The forecast until 2028 continues this downward trend, with an expected value of 161.86 Million Euros and a forecasted 5-year CAGR of -1.75%. The overall predicted growth rate over five years is -8.45%.
Future trends to watch for include:
- Impact of sugar substitutes and healthier alternatives on market demand.
- Regulatory changes related to sugar consumption and imports.
- Shifts in consumer preferences towards low-sugar or sugar-free products.
