The production of food and beverages in Finland has shown a mixed trend from 2013 to 2023, with fluctuations in year-on-year variations. The value in 2023 stood at 11.82 billion Euros, reflecting a modest increase. The industry saw a gradual decline from 2013 to 2016, followed by a recovery period from 2017 onwards. The significant dip in 2020 can be attributed to the global pandemic, but the sector rebounded in 2021 and continued a positive yet moderate growth trajectory through 2023. The forecasted CAGR for the next five years is 0.62%, indicating a steady but slow growth ahead.
Future trends to watch for in the Finnish food and beverage production industry:
- Advancements in sustainable and organic food production.
- Increased adoption of technological innovations and automation.
- Shifts in consumer preferences towards plant-based and health-focused products.
- Potential impacts of regulatory changes and trade policies.
- Impact of demographic changes and changing lifestyles on food consumption patterns.