The Finnish ice cream market has experienced fluctuations over the years. From 2012 to 2022, the market saw periods of both growth and decline, with the most significant drop occurring in 2015 when the market value fell by 9.09%. A noticeable recovery was observed in 2018 with a substantial increase of 12.77%. The market displayed moderate volatility with the Compound Annual Growth Rate (CAGR) shifting periodically: it settled at 2.02% over the past five years up to 2022, indicating a steady but cautious growth outlook.
The last two-year trend has shown some stability with a slight drop of 0.86% in 2022 following a growth of 5.77% in 2021. As of 2023, the ice cream market in Finland is valued at 222.7 Million Euros.
Looking forward, several trends should be watched carefully:
- A shift towards healthier and organic alternatives could drive market dynamics.
- Innovations in flavor and ingredients might cater to diverse consumer preferences, potentially boosting market growth.
- Economic factors such as disposable income and inflation rates will likely influence consumer spending on non-essential goods like ice cream.
How does Finland rank in Ice Cream Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,378,000,000 | 2023 | +0.41% | -2.55% | View data |
| 2 | 2 France | 1,321,400,000 | 2023 | +0.38% | +0.31% | View data |
| 3 | 3 Spain | 1,069,700,000 | 2023 | +0.16% | +1.11% | View data |
| 4 | 4 Poland | 448,960,000 | 2023 | +2.04% | +2.47% | View data |
| 5 | 5 Netherlands | 316,270,000 | 2023 | +3.31% | +0.5% | View data |
| 6 | 6 Belgium | 241,760,000 | 2023 | +2.94% | +3.87% | View data |
| 7 | 7 Romania | 216,110,000 | 2023 | +4.96% | +1.22% | View data |
| 8 | 8 Finland | 215,500,000 | 2023 | -0.38% | -1.05% | |
| 9 | 9 Greece | 186,820,000 | 2023 | -1.96% | -1.65% | View data |
| 10 | 10 Denmark | 179,950,000 | 2023 | +0.48% | -0.9% | View data |