The volume of the dairy products market in Finland has shown a general declining trend from 2013 to 2023, starting at 1.3567 billion kilograms in 2013 and decreasing to 0.94483 billion kilograms by 2023. The actual data reflects a peak in 2014, but since 2015 the market has continually shrunk, with a more pronounced shift between 2014 and 2016. The year-on-year variation for 2023 stood at -1.5%, while the compound annual growth rate (CAGR) over the last five years was -3.47%.
Looking forward, the forecast from 2024 to 2028 suggests a continued decline; however, the rate of decline is expected to slow down. The CAGR for the forecasted five-year period is -1.22%, which is a smaller decline compared to the previous five years. This suggests that while the decline in dairy consumption persists, it is plateauing somewhat.
Future trends to watch for include potential shifts towards plant-based alternatives, governmental policies influencing dairy consumption, and changing consumer preferences driven by health and environmental concerns. Monitoring these factors is crucial for assessing future market dynamics.
