The sold production of food supplements for human consumption in Finland has shown a steady increase over the years. In 2023, the production stood at 149.99 million euros. From 2016 to 2017, there was a significant jump of 21.6%. Subsequent years saw varying growth rates, with the highest being in 2019 at 10.46%. The period from 2020 to 2023 featured modest growth, with the year-on-year percentage variations ranging from -3.97% to 2.81%. Notably, in 2023, the growth rate was 0.79%. Over the last five years, the compound annual growth rate (CAGR) stood at 0.59% with a year-on-year increase of 0.79% in 2023.
Moving forward, forecasts suggest that production will continue to rise, reaching 155.66 million euros by 2028. This forecast indicates an average yearly growth rate of about 0.59%. Factors to watch in the coming years include economic conditions, regulatory changes, and shifts in consumer health trends, which could impact production volumes and growth rates.
