The turnover for fruit and vegetable processing in Finland has shown considerable volatility from 2013 to 2023. The peak was in 2019 with a downturn following immediately in 2020. However, starting from 2021, the industry has exhibited modest growth, reaching 461.2 million euros in 2023. This performance indicates a largely stable yet progressively increasing trend with a 3.59% year-on-year increase from 2022 to 2023. Over the last five years, the CAGR stands at 0.25%, underscoring moderate growth.
Projected data from 2024 to 2028 forecasts a steady rise, moving from 466.2 million euros in 2024 to 485.8 million euros in 2028. The last CAGR of 0.83% reflects this gradual uptrend, suggesting a stable but slow improvement in the market. The forecasted five-year growth rate is estimated at 4.2%, indicating consistent market expansion.
Future trends to watch for:
- Technological advancements in processing methods
- Increasing demand for organic and locally sourced produce
- Potential regulatory changes impacting the industry
- Expansion into new markets and product lines
