Forecast: Alcoholic Beverages Non-food Uses in Finland

Analysis of the non-food uses of alcoholic beverages in Finland over the past decade reveals fluctuating trends. The value in 2023 stood at 24 thousand metric tons, showing a year-on-year decrease of 4%. Going further back, the values have shown significant volatility with notable highs and lows. The CAGR over the last 5 years indicates an average annual decrease of approximately 3.71%. From 2014 to 2018, there were dramatic variations, but the market has stabilized from 2019 onwards with relatively minor changes annually. However, the data forecast a gradual decline with a forecasted 5-year CAGR of -0.85% and an overall decline of 4.17% from 2024 to 2028.

Future trends to watch for include potential regulatory changes, evolving consumer preferences towards non-alcohol-based products, and advancements in technology that may offer alternative uses for non-food applications of alcoholic beverages.