The cheese and curd market in Sweden has experienced various fluctuations over the past decade. From 2013 to 2023, market values saw significant year-on-year variations, with notable drops in 2015 and 2022, contrasted by substantial growth in 2017 and 2020. As of 2023, the market size stood at 1.4785 billion Euros. The Compound Annual Growth Rate (CAGR) over the past five years was 2.58%, indicating moderate growth after periods of volatility.
For the forecasted period (2024-2028), the market is anticipated to grow at a CAGR of 1.29%, leading to a total growth rate of 6.64% over the five years. This suggests a steadier, albeit slower, growth trajectory than in previous years.
Future trends to watch for include:
- Increased demand for specialty and artisanal cheeses
- Growth in plant-based and alternative cheese products
- Potential supply chain impacts and price fluctuations due to global economic conditions
- Health and wellness trends influencing consumer preferences towards organic and low-fat dairy options
