The prepared meals sector in Finland has shown a mixture of decline and moderate growth from 2013 to 2023. Production value decreased from 2013 to 2017, hitting a low of 413.5 million Euros. However, it started to pick up slightly from 2018 onwards, reaching 453.6 million Euros in 2023. The year-on-year variations over the last two years have been quite nominal, illustrating a stable trend. For 2022, the year-on-year growth was 0.49%, and for 2023, it was 0.38%. The 5-year CAGR from 2018 to 2023 averaged 1.06%, indicating modest annual growth.
Looking ahead, the sector's growth is expected to be very slow, with forecasted year-on-year variations remaining below 0.5% and a 5-year CAGR of 0.14%, reaching a production value of 458.2 million Euros by 2028. This suggests a plateauing market with minimal fluctuations.
Future trends to watch for include:
- Consumer preferences shifting towards ready-to-eat healthy options.
- Impact of technological advancements in food production and packaging.
- Potential economic or regulatory changes affecting the food industry.
- Changes in export demand or supply chain dynamics.
