The processed milk market in Sweden saw significant fluctuations between 2013 and 2023. The market value peaked in 2014 at 976.57 million Euros but subsequently experienced a downward trend, reaching 710.68 million Euros in 2023. Key year-on-year variations include a notable decline of 12.68% in 2015 and a smaller decline of 1.58% in 2023. The 5-year CAGR leading up to 2023 averaged -2.19%, indicating a persistent contraction.
Forecasted data from 2024 onward suggests continued decline. By 2028, the market is expected to reach 655.27 million Euros, with a forecasted 5-year CAGR of -1.29% and an overall growth rate decline of 6.31% over this period.
Future trends to watch for include:
- Consumer preferences shifting towards plant-based milk alternatives.
- Policy changes related to dairy farming and sustainability initiatives.
- Impact of emerging technologies in milk processing and distribution efficiency.
- Potential market stabilization due to new product innovations and health trends.
