The ice cream production value in Sweden showed varied trends from 2013 to 2023, starting at 139.2 million euros in 2013 and reaching 182.8 million euros in 2023. Notable shifts included a significant spike in 2020, with a 24.65% year-on-year increase, and a subsequent stabilization with a 4.88% rise in 2023. Over the last five years, the Compound Annual Growth Rate (CAGR) stood at 4.5%, indicating steady growth in the industry.
Looking ahead, the forecast from 2024 to 2028 suggests a continued upward trend with a 5-year CAGR of 3.27%, reaching an estimated 224.6 million euros by 2028. This forecasted growth represents a 17.47% increase over the period.
Future trends to watch for:
- Advancements in dairy and non-dairy ice cream formulations.
- Increasing consumer preference for premium and health-conscious options.
- Impact of climate change on dairy production.
- Growth in export markets and the globalization of Swedish ice cream brands.
