From 2013 to 2023, the sold production of soups and broths in Finland showed significant fluctuations. The market saw substantial growth between 2015 and 2017, followed by a decline in 2018. A remarkable surge in 2019 was followed by another drop in 2020. Despite a sharp decline in 2021, the market rebounded strongly in 2022 and continued to grow in 2023, reaching 18.862 million Euros.
Year-on-year variations show dramatic shifts with peaks in growth years like 2015, 2016, 2017, and 2019, and considerable declines in 2018, 2020, and 2021. The Compound Annual Growth Rate (CAGR) over the past five years is 10.22%, indicating a solid upward trend over the period.
Looking ahead, the forecast data from 2024 to 2028 suggests consistent growth with a forecast CAGR of 3.36%, leading to a projected value of 23.331 million Euros by 2028, representing 17.99% growth over the next five years.Future trends to watch for include market stabilization, the potential impact of global economic factors, consumer preferences toward ready-made and healthier options, and the introduction of innovative products in the soups and broths category.
