From 2012 to 2022, Finland's fermented milk products market showed fluctuations in volume, peaking at 60.575 million kilograms in 2019 and bottoming at 48.036 million kilograms in 2014. The market exhibited volatile year-on-year performance with significant peaks in 2013 and 2019, and notable declines in 2014 and 2021. The compounded annual growth rate (CAGR) from 2012 to 2022 was mixed, with a peak in 2019 reflecting the highest CAGR at 4.75% and drops particularly in 2017 and 2018. The overall five-year CAGR leading up to 2022 indicated a moderate positive trend. Currently in 2023, the market value stands at a crucial juncture, reflecting these historical fluctuations.
Future trends to watch for in Finland's fermented milk products market include:
- Potential further consolidation or stabilization following recent volatility.
- Emerging consumer preferences towards health-conscious and innovative fermented products.
- Impact of global supply chain shifts and local agricultural policies.
- Evolving competition from plant-based alternatives and their market integration.
How does Finland rank in Fermented Milk Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 453,280,000 | 2023 | -0.34% | -0.65% | View data |
| 2 | 2 Poland | 353,950,000 | 2023 | +1.19% | +1.55% | View data |
| 3 | 3 United Kingdom | 290,860,000 | 2023 | +1.79% | +0.95% | View data |
| 4 | 4 Romania | 189,440,000 | 2023 | +3.37% | +2.75% | View data |
| 5 | 5 Bulgaria | 171,550,000 | 2023 | +4.15% | +5.7% | View data |
| 11 | 11 Lithuania | 62,351,000 | 2023 | +2.25% | -0.41% | View data |
| 12 | 12 Denmark | 57,883,000 | 2023 | -0.00013% | +3.44% | View data |
| 13 | 13 Finland | 54,007,000 | 2023 | -0.82% | +0.71% | |
| 14 | 14 Slovakia | 47,916,000 | 2023 | +1.2% | +1.31% | View data |
| 15 | 15 Latvia | 42,966,000 | 2023 | -0.67% | -1.1% | View data |
