Between 2013 and 2023, the processed milk market in Sweden experienced a declining trend, decreasing from 853.89 Million Kilograms in 2013 to 697.78 Million Kilograms in 2023. The market saw fluctuations with occasional rises, such as a 2.4% increase in 2016 and 1.22% in 2020. However, these were outweighed by steeper declines, such as a -5.14% drop in 2017 and -8.39% in 2019. Over the last five years, the Compound Annual Growth Rate (CAGR) averaged at -2.99%.
Forecasts from 2024 onward indicate continued shrinkage, with an expected decrease to 615.33 Million Kilograms by 2028, reflecting a forecasted 5-year CAGR of -2.01% and an overall five-year growth rate of -9.64% by 2028.
Future trends to watch for include shifts in consumer preferences toward plant-based alternatives, potential governmental regulation changes, and innovations in milk processing technology that may impact market dynamics.
