The frozen chicken cuts market in Sweden stood at 422.04 million euros in 2023. Over the years, this market has shown varied trends. From 2013 to 2017, the market experienced fluctuations, with a decrease to 394.82 million euros in 2017. A recovery followed, reaching 428.57 million euros in 2020. The market slightly dipped again to 419.61 million euros in 2021, stabilizing around 420-423 million euros in subsequent years.
Year-on-year variations highlight the market's volatility: a decline of -2.09% in 2021 followed by modest growth at 0.29% in both 2022 and 2023. The compound annual growth rate (CAGR) over the last five years has been modest at 0.31%, pointing to slow yet steady growth. The forecasted CAGR for the next five years is 0.22%, suggesting continued steady growth, with a forecasted market size of approximately 427.92 million euros by 2028.
Future trends to watch for include potential impacts of changing consumer preferences towards organic and locally sourced chicken, advancements in freezing technology, and economic factors such as inflation and disposable income trends in Sweden.
