Between 2013 and 2023, the production of milk-based drinks in Sweden has shown a noticeable decline, dropping from 4.67 thousand metric tons to 2.5 thousand metric tons. The most significant year-on-year variation occurred in 2015 with a drastic -21.61% decrease. Over the last five years, the compound annual growth rate (CAGR) averaged at -3.71%. In 2023, the production slightly increased by 0.4% compared to 2022, halting the persistent decline observed in previous years.
Looking forward to 2028, the forecast suggests a further decline in production with an average annual decrease of 1.26%, culminating in an overall reduction of 6.15% over the next five years. This projection underscores a continued downward trend, although at a slower pace compared to previous periods.
Future trends to watch for:
- Changes in consumer preferences towards non-dairy alternatives.
- Potential impact of environmental and sustainability concerns on dairy production.
- Technological advancements in milk production and processing.
- Fluctuations in raw material prices and agricultural policies.
- Health and nutrition trends influencing consumer behavior.
