The Finnish margarine and low-fat spreads market experienced a gradual decline from 2013 to 2023, dropping from 30.563 million kg to 25.748 million kg. Year-on-year variations highlighted a significant decrease in 2014 by -6.26%, and continued to decline until slight recovery in 2019 and 2022. The last two years reflected a mixed trend with a 3.86% rise in 2022 and a -0.73% decline in 2023. Over the last five years leading up to 2023, the market showed an average annual growth rate (CAGR) of 0.069%. For the forecast horizon of 2024-2028, a negative CAGR of -0.58% is anticipated, projecting a decline to 24.831 million kg by 2028.
Future trends to watch for:
- Shifts towards healthier and alternative spreads.
- Impact of consumer preferences and dietary trends.
- Potential market stabilization or slight decline driven by changing health perceptions and industry innovations.