From 2013 to 2022, the sold production of orange juice in Sweden exhibited significant fluctuations. The production fell sharply by 21.14% from 2013 to 2014 and continued to decline over the next two years. However, there was a notable resurgence in 2016 and 2017. Production peaked in 2018 and then moderated, experiencing smaller variations until 2022, which marked a steady increase of 1.72%. In 2023, production stood at 28.9 million liters, showing a slight year-on-year growth of 1.73%. Although the Compound Annual Growth Rate (CAGR) over the last five years was marginally negative at -0.45%, indicating stabilization.
Future trends point towards a modest growth outlook for the orange juice market in Sweden, with a 5-year forecast CAGR of 1.26%, culminating in an expected production of 31.278 million liters by 2028. The projected growth rate over this period is anticipated to be 6.44%, reflecting a steady, albeit slow, increase.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier beverage options.
- Potential impacts of climate change on orange production and supply chains.
- Innovations in packaging and distribution that could influence market dynamics.
