The refined olive oil market in Sweden has demonstrated substantial growth over the past decade, increasing from 701.7 thousand kg in 2013 to a robust 1799.2 thousand kg in 2023. Major year-on-year growth spikes occurred in 2016 and 2018 due to significant market drivers. By 2023, the market showed a more stabilized increase with a year-on-year variation of 6.38%, and a Compound Annual Growth Rate (CAGR) of 8.76% over the last five years.
As we forecast the market size to reach 2323.0 thousand kg by 2028, a more moderated 5-year CAGR of 4.04% is anticipated. This reflects a forecasted growth rate of 21.87% over the next five years.
Future trends to watch for include:
- Increased consumer awareness and demand for healthier cooking oils.
- Influence of sustainability practices in production and distribution.
- Impact of global olive oil supply and trade policies on Swedish market prices.
