The alcoholic beverages market in Sweden experienced steady growth from 2014 to 2019, with minor fluctuations. A significant decline occurred in 2020, likely due to the COVID-19 pandemic, disrupting consumption patterns. Recovery began in 2021, followed by continued growth in 2022. In 2023, the market stood at 837.0 thousand metric tons, marking a modest annual growth of 0.36%. Over the last two years, the market rebounded with a slight increase, reflecting a resilient consumption pattern. The last five years' CAGR indicates an average annual growth of 0.39%, showcasing a slow yet steady recovery.
Future trends to watch for:
- Potential shifts in consumer preferences towards premium and craft beverages.
- Impact of health-conscious trends leading to lower alcohol consumption.
- Regulatory changes and their potential influence on market dynamics.
- Continued recovery from the pandemic's impact on consumption habits.
