The demand for infant food in Finland has remained relatively stable over the past decade. From 2014 to 2017, the volume of demand stayed constant at 6.0 Thousand Metric Tons. In 2018, there was a notable decrease of 16.67%, bringing the demand down to 5.0 Thousand Metric Tons, where it has remained steady through 2023 and is forecasted to continue through 2028, indicating a period of stabilization.
From 2019 onwards, the year-on-year variation remained at 0%, suggesting a flat demand trend. Looking at the last five years, the compound annual growth rate (CAGR) reflects a stagnation, reflecting the lack of growth in the market. In 2023, the demand stood at 5.0 Thousand Metric Tons, with no anticipated change in the coming years.
Future Trends to Watch:
- Given the stability of the market, potential drivers such as demographic changes, shifts in parental preferences, and innovations in infant food formulations could influence future demand.
- Monitoring birth rates and economic factors will be crucial in predicting any fluctuations in infant food demand.
