From 2013 to 2016, the frozen bovine meat market in Sweden experienced steady growth, peaking at 48.929 million kilograms in 2016. This was followed by a significant decline in 2017 and a continued drop until 2019. The market showed slight recovery signs from 2020 onwards, attaining a value of 40.377 million kilograms in 2023. The year-on-year variations over the last two years were marginal, with -0.2% in 2022, and -0.18% in 2023. The last five-year CAGR stands at 0.26%, indicating minor overall growth despite recent fluctuations.
Forecasts from 2024 to 2028 suggest a stable market with slight declines. By 2028, the market size is projected to be around 40.025 million kilograms, with a forecasted five-year CAGR of -0.14%. This indicates a negligible average annual decrease in market volume.
Future trends to watch for:
- Potential impacts of environmental policies on meat consumption.
- Shifts in consumer preferences towards plant-based alternatives.
- Impact of economic conditions on consumer purchasing power.
- Technological advancements in meat preservation and freezing methods.
