The prepared meals sector in Sweden has experienced substantial growth from 2013 to 2023, increasing from 2.62 billion to 11.8 billion Swedish Kronas. The period from 2016 to 2023 showcased remarkable expansion, with a year-on-year growth rate peaking at 200.62% in 2016 and then stabilizing to a steady ascent of 5.64% in 2023. The sector's compound annual growth rate (CAGR) over the last five years (2019-2023) stands at 6.89%, indicating a healthy and consistent market uptrend.
Looking ahead to the forecasted period from 2024 to 2028, the CAGR is anticipated to moderate slightly to 3.6%, reflecting a more stable yet sustained growth trajectory. Key factors such as innovation in product offerings, shifting consumer preferences towards convenience, and increased market penetration are likely to influence this market positively.
Future trends to watch for:
- Continued emphasis on health and wellness in meal options
- Adoption of sustainable practices and eco-friendly packaging
- Technological advancements in food preservation and production processes
- Increased demand for plant-based and alternative protein meals
- Expansion of online food delivery services and platforms
