The meat processing sector in Sweden has been witnessing a steady growth trajectory, exhibiting a growth from 2013 onwards. Production value reached 43.17 Billion SEK in 2023, marking a steady year-on-year increase of 1.7% from 2022 to 2023. Over the last two years, the sector has shown a slight uptick, with an average CAGR of 1.74%. Looking back at the last 5 years, the CAGR stands at 2.31%, reflecting resilient sectoral growth amidst minor fluctuations.
Future projections suggest the market will continue its upward trend, with an anticipated CAGR of 1.27% over the next 5 years leading to a cumulative growth rate of 6.49% by 2028.
Trends to watch for the future include:
• Innovations in meat processing technologies aiming for greater efficiency and sustainability.
• Shifts in consumer preferences towards organic and ethically sourced meat products, potentially influencing production scales and practices.
• Regulatory impacts and potential changes in trade policies within the EU that could affect market dynamics.
