The buttermilk market in Finland has experienced a consistent decline in terms of market size value from 2012 to 2022. Starting at 82.971 million Euros in 2012, it has steadily decreased each year to 45.005 million Euros in 2022. The year-on-year variations reflect negative growth rates across this period, with particularly sharp declines in 2015 (-14.74%) and 2019 (-10.4%). Over the last five years, the compound annual growth rate (CAGR) has been -5.9%, indicating a persistent reduction in market size.
Future trends to watch for include potential market recovery driven by innovations in buttermilk-based products, increased consumer awareness of its health benefits, and potential shifts in dietary preferences towards more traditional dairy products.
- Year-on-Year Variation Overview: Notable declines in 2015 and 2019 indicating significant market contractions.
- Last 5-Year CAGR: -5.9%, highlighting a continuous decrease in market size.
- 2023 Status: As we are in 2024, the data indicates continued decline leading up to 2022, with projections suggesting similar trends.
How does Finland rank in Buttermilk Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 281,590,000 | 2023 | +2.27% | +1.47% | View data |
| 2 | 2 Poland | 44,396,000 | 2023 | -2.05% | -3.07% | View data |
| 3 | 3 Denmark | 44,145,000 | 2023 | +1.03% | -0.88% | View data |
| 4 | 4 Finland | 40,557,000 | 2023 | -6.57% | -6.61% | |
| 5 | 5 Italy | 4,734,900 | 2023 | -0.72% | -0.76% | View data |
| 6 | 6 Slovakia | 2,715,600 | 2023 | +1.33% | +0.49% | View data |
