The sold production of frozen fish in Sweden experienced negligible activity until 2017, when it first registered a significant increase. By 2019, the sector had grown by 16.64% year-on-year. The value saw a substantial 44.26% rise in 2020. However, in 2021, the market faced a decline of 13.96%. The subsequent years marked a recovery and growth with 5.09% in 2022, and a more moderate 3.64% increase in 2023, bringing the market value to 11,029,000 Euros. Over the last five years starting from 2019, the sector showed a compound annual growth rate (CAGR) of 9.53%.
Looking forward, the market for frozen fish is projected to continue its positive trajectory with a modest forecasted 5-year CAGR of 2.49%, leading to an overall growth rate of 13.11% by 2028.
- Future trends to watch for include:
- Technological advancements in freezing and packaging.
- Shifts in consumer preferences toward sustainable and eco-friendly seafood.
- Potential impacts of global trade policies and environmental regulations.
