The processed milk market in Finland has observed a consistent decline in volume from 821.74 million kilograms in 2013 to 420.69 million kilograms in 2023. This represents a significant reduction and a strong downward trend. The year-on-year variations over the last two years were -5.2% in 2022 and -5.53% in 2023. The compound annual growth rate (CAGR) over the past five years stands at -5.71%, highlighting the steady reduction in market size.
Looking ahead, the forecasted values indicate continuing declines, with an estimated volume of 301.2 million kilograms by 2028. The forecast five-year CAGR is expected to be -5.34%, resulting in a total decrease of approximately 24% over this period.
Future trends to watch:
- Potential impacts of per capita milk consumption and demographic changes in Finland.
- Developments in alternative milk products and their market share.
- Shifts in consumer preferences toward healthier or sustainable options.
- Regulatory changes affecting the dairy industry.
