The Grapefruit Juice market in Sweden has seen a steady decline from 2012 to 2022, starting at a value of 3.677 million euros in 2012 and dropping to 2.1172 million euros by 2022. The market has consistently contracted, with notable year-on-year decreases, particularly sharp between 2016 and 2019. The Compound Annual Growth Rate (CAGR) for the past five years (2017-2022) stands at -6.69%, indicating a consistent reduction in market size. The past two years have seen year-on-year contractions of -3.23% in 2020, -3.34% in 2021, and -3.8% in 2022, maintaining the downward trend.
As we move into 2024, the industry should watch for trends such as evolving consumer preferences away from grapefruit juice, rising health consciousness promoting alternatives, and potential market stabilizers like innovative product offerings or marketing strategies aimed at reinvigorating consumer interest.
How does Sweden rank in Grapefruit Juice Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 75,337,000 | 2023 | -1.37% | -2.17% | View data |
| 2 | 2 Germany | 73,519,000 | 2023 | +1.02% | +1.12% | View data |
| 3 | 3 Italy | 32,310,000 | 2023 | +2.33% | +2.38% | View data |
| 4 | 4 Austria | 3,519,600 | 2023 | -1.73% | -2.03% | View data |
| 5 | 5 Sweden | 2,091,100 | 2023 | -2.55% | -4.15% | |
| 6 | 6 Lithuania | 202,180 | 2023 | -7.1% | -6.18% | View data |
