The frozen vegetables market in Sweden has demonstrated steady growth from 2013 to 2023, with volumes increasing from approximately 33.858 million kilograms to 72.977 million kilograms. The year-on-year growth rate has generally been positive, peaking in 2018 with a 24.95% increase and dipping slightly in 2019. The compound annual growth rate (CAGR) over the past five years (2018-2023) is 2.93%, indicating a moderated but consistent upward trend.
Looking forward, the market is projected to continue growing, reaching 86.77 million kilograms by 2028. The forecasted 5-year CAGR (2024-2028) is 2.74%, with an overall growth rate of 14.49% during this period, suggesting a steady but modest increase in market volume.
Future trends to watch for:
- Increasing consumer preference for convenience and healthy eating options, driving demand for frozen vegetables.
- Innovations in freezing technology improving product quality and extending shelf life.
- Potential market saturation and economic factors which may influence purchasing power and consumption patterns.
