The final consumption of biogases in Sweden by the Food, Beverages, and Tobacco sector has shown a remarkable upward trend. Starting from 0 Terajoules in 2013 to reaching 1,170 Terajoules in 2023, the growth has been robust. Notably, significant year-on-year increases were observed: 141.39% in 2020, 31.61% in 2022, and 21.01% in 2023. This impressive growth resulted in a substantial Compound Annual Growth Rate (CAGR) of 49.22% for the period 2018-2023.
The forecasted data indicate a sustained growth trajectory, with a CAGR of 9.63% projected over the next five years. The anticipated rise to 2,170 Terajoules by 2028 highlights a substantial cumulative growth rate of 58.38% over this period.
Future trends to watch for:
- Enhanced biogas production technologies could further drive up consumption rates.
- Government policies and incentives might bolster renewable energy adoption in the food and beverage sector.
- Consumer preference for sustainable products may increasingly influence energy consumption patterns.
- Industrial process optimizations within this sector could enhance biogas utilization efficiency.