The butter and dairy spreads market in Sweden witnessed fluctuations from 2013 to 2023. Key observations include a consistent decline from 2013 to 2015, a recovery in 2016, and another dip in 2017. Since 2018, the market displayed a moderate upward trend, peaking in 2021, though it experienced a slight decline in 2022. In 2023, the market stood at a value of 12.46 million kilograms, indicating a minimal year-on-year increase of 0.21%.
Key variations include:
- Last two years: -5.26% (2022) and +0.21% (2023)
- Last 5-year CAGR: +0.3%
Future projections foresee a modest growth with a 2028 value reaching 12.584 million kilograms, indicating a 5-year CAGR of 0.16% and a forecasted growth rate of 0.79%.
Future trends to watch for:
- Increasing health consciousness might shift consumer preferences within the dairy segment.
- Technological advancements in dairy production may influence market dynamics.
- Sustainable and eco-friendly product options could shape market growth.