Sweden's output of food, beverages, and tobacco has shown a consistent upward trend from 2013 to 2023, with the value standing at 196.56 Billion Swedish Kronas in 2023. The early years saw moderate growth, while the latter half of the decade experienced stronger increases.
The past two years have shown stable growth, with a year-on-year variation of 1.95% in 2022 and 1.9% in 2023. The 5-year CAGR from 2018 to 2023 was 2.5%, indicating steady expansion in this sector.
Looking forward to the forecast period from 2024 to 2028, the output is expected to continue growing, albeit at a slightly slower pace, with a 5-year forecast CAGR of 1.38%. Key trends to watch for include innovations in sustainable food production, shifts in consumer preferences towards healthier options, and the impact of regulatory changes on the industry.