The Finnish ice cream market saw fluctuations from 2013 to 2023, with notable growth and decline periods. Between 2013 and 2023, the market ranged from 193.05 million euros in 2016 to its peak of 227.22 million euros in 2018. In 2023, the market value stood at 215.5 million euros.
Observing recent trends, the year-on-year variation from 2022 to 2023 was -0.38%, reflecting a slight decline. The Compound Annual Growth Rate (CAGR) over the last five years showed a negative average annual change of -1.05%.
Future forecasts predict a steady decline with an average annual reduction of 0.3% from 2024 to 2028. This equates to an overall decrease of 1.5% over the next five years, indicating a stagnant or decreasing market size moving forward.
Future trends to watch for:
- Consumer preferences towards healthier and alternative dessert options.
- Impact of economic factors on discretionary spending.
- Potential growth in premium and artisanal ice cream segments.
- Effects of climate change on seasonal demand and production costs.