Over the past decade, the sold production of prepared meals and dishes in Sweden has experienced significant fluctuations. Between 2013 and 2014, there was a substantial increase of 48.56%, however, this was followed by steep declines until 2016. From 2017 onwards, the market progressively rebounded, with notable growth patterns emerging, especially from 2017 through 2021, peaking with a year-on-year increase of 10.38% in 2021. Although 2022 saw a slight dip of 1.88%, stability was achieved in 2023 with minimal variation marking a 0.27% growth over the previous year. The total market in 2023 stood at 469.68 Million Euros.
The five-year compound annual growth rate (CAGR) from 2019 to 2023 reflects a steady growth trend of 5.42%, showcasing the market's resilience and recovery capabilities post-significant declines observed in the mid-2010s. Looking ahead, the forecasted CAGRs between 2024 and 2028 suggest a rather stable market with a modest growth rate of 0.21% annually, demonstrating market maturation and potential saturation.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier or organic prepared meals.
- The impact of economic conditions on consumer spending and demand for convenience foods.
- Technological advancements in food processing and packaging that could spur innovation and efficiency.
- Regulatory changes focused on health and nutrition standards which might affect product offerings and market dynamics.
