Over the last decade, the sold production value of frozen vegetables in Finland has shown a variety of trends. Notably, the value fell significantly in 2016 by 11.88%, but rebounded in subsequent years with growth spurts, particularly in 2018 and 2020, where year-on-year increases were 13.15% and 16.91%, respectively. As of 2023, the value stands at 35.834 million Euros, with a year-on-year increase of 2.93%. Over the previous five years, the compound annual growth rate (CAGR) averaged 2.65%, indicating moderate growth.
Looking ahead from 2024, forecast data suggests a consistent upward trend, with values projected to reach 40.788 million Euros by 2028. The forecasted five-year CAGR of 2.05% signifies a stable growth trajectory.
Future trends to watch for include:
- Changes in consumer preferences towards frozen vegetables due to lifestyle shifts.
- Impacts of economic factors such as inflation and disposable income on purchasing power.
- Technological advancements in freezing processes that may enhance product quality and attractiveness.
