In 2023, household expenditure on food in Sweden stood at an actual value of 303.6 billion Swedish Kronas. The forecasted data from 2024 to 2028 indicates a consistent upward trend, with values steadily rising from 319.07 billion Swedish Kronas in 2024 to 382.04 billion by 2028.
The year-on-year percentage variation shows a consistent growth rate: 5% from 2024-2025, 4.72% from 2025-2026, 4.46% from 2026-2027, and 4.24% from 2027-2028. These figures suggest a healthy increase in household expenditure annually. When looking over the last five years, the Compound Annual Growth Rate (CAGR) stands at approximately 5.6%, indicating a stable and sustained growth rate in food expenditure.
Future trends to watch for include potential shifts driven by inflation, changes in consumer preferences with an increased focus on sustainability, and the impact of global economic conditions on household budgets. Expect advancements in food technology and e-commerce to also play crucial roles in shaping future household expenditure on food.
