From 2016 to 2019, Sweden reported no sold production of whole milk and cream powder. A sudden surge occurred in 2020, reaching over 22 million Kilograms. However, subsequent years saw a significant drop, stabilizing around the 4 million Kilograms mark by 2023, where it stood at 4.36 million Kilograms. The year-on-year variation was notably volatile: a sharp decline of -82.48% in 2021, followed by modest increases of 5.41% in 2022 and 5.08% in 2023. The projected forecast points to a steady upward trend with a 5-year CAGR of 3.33%, implying a cumulative growth of 17.82% by 2028.
Future Trends to Watch For:
- Potential market stabilization post-2023.
- Increasing demand driven by consumer dietary shifts or industry applications.
- Technological advancements in milk powder production.
- Potential environmental and regulatory impacts affecting production dynamics.
- Global market trends influencing local production and export patterns.
