The value added of food and beverages in Sweden has shown a general upward trend from 2013 to 2023. In 2023, the value stood at 45.14 billion Swedish Kronas. The data reveals annual fluctuations with notable growth in years like 2015 (+4.62%) and 2018 (+5.18%). The longer-term trend showed steady growth with a Compound Annual Growth Rate (CAGR) of 0.75% over the last five years. The significant variation and near-stagnation years balanced by incremental growth have driven the overall average.
Future trends to watch for include:
- Continued steady growth with a forecasted 5-year CAGR of 0.85%, reaching 47.62 billion SEK by 2028.
- Potential market influences such as economic policies, consumer trends, and sustainable practices could impact growth rates positively or negatively.
- Technological advancements and innovations within the food and beverage sector are areas to monitor for potential acceleration in value addition.