The orange juice market size value in Sweden has shown considerable fluctuations over the last decade. The market saw a decline in value from 2013 to 2015, followed by a notable increase in 2016 and 2017. However, the period from 2018 to 2020 witnessed a significant drop, particularly sharp in 2019. Between 2021 and 2023, the market stabilized with minor year-on-year variations.
Highlights regarding key trends and variations over the years:
- 2014: Decline of 5.06% year-on-year; 5-year CAGR at -2.88%.
- 2016: A rebound with 13.24% growth, stabilizing to a 5-year CAGR of 0.057%.
- 2019: A significant drop of 16.63% year-on-year; negatively impacting the market trajectory.
- 2020-2023: Minor year-on-year fluctuations around 0.1% have led to a relatively stable market.
The market size in 2023 stood at 134.77 Million Euros, showing a slight decrease compared to previous years. The average annual variation (CAGR) over the last five years (2018-2023) was -2.19%, indicating a slow but steady decline. The forecast from 2024 to 2028 suggests a further slight decrease, with a forecasted 5-year CAGR of -0.1% and an overall forecasted growth rate of -0.52% by 2028.
Future trends to watch for include potential shifts in consumer preferences towards healthier beverages, new product developments, and the impact of sustainable and organic trends on orange juice consumption. Additionally, economic factors and changes in international trade policies may further influence market dynamics in the coming years.
