The cheese and curd market in Finland showed varying trends over the past decade. Starting from a value of 137.02 million kilograms in 2013, the market saw notable growth, peaking at 158.76 million kilograms in 2014. However, subsequent years witnessed fluctuations, with a marked decline until stabilizing around the 140 million kilograms range from 2018 to 2021. Notably, 2022 saw a moderate uptick to 145.47 million kilograms. As of 2023, the market volume stood at 149.67 million kilograms.
The year-on-year variation for the past two years (2022-2023) showed a positive trend with increments of 3.02% and 2.89%, respectively. The five-year compound annual growth rate (CAGR) for the period ending in 2023 was 1.29%. Forecast data suggests a consistent growth trajectory from 2024 to 2028, with a forecasted five-year CAGR of 2.02% and an overall 10.54% growth rate over the period.
Trends to watch for in the future include:
- Increasing consumer demand for specialty and artisanal cheeses.
- Potential impact of health trends on cheese consumption patterns.
- Effects of environmental and sustainability concerns on dairy production and cheese market dynamics.
