The Finnish fruit and vegetable juice market has experienced a steady decline from 2013 to 2023. In 2013, the market volume stood at 3.2869 million kilograms. By 2023, this had decreased significantly to 1.8113 million kilograms, representing a notable contraction over the decade.
Analyzing the year-on-year variation for the last two years reveals a continued downward trend. From 2021 to 2022, there was an 18.52% decrease, and from 2022 to 2023, there was an additional 6.45% decline. The Compound Annual Growth Rate (CAGR) for the last five years demonstrates an average annual decrease of approximately 4.75%.
Looking forward, the market is forecasted to keep decreasing, with a projected 5-year CAGR of -6.51%, culminating in a total market volume of 1.2056 million kilograms by 2028. This indicates a predicted overall decline of approximately 28.57% over the next five years.
Future trends to watch for include potential innovations in product offerings, shifts in consumer preferences towards healthier or alternative beverages, and changes in regulations or economic conditions that could impact market dynamics. Attention to these factors will be crucial for stakeholders in the fruit and vegetable juice market.
