The sold production of food preparations for infants in Finland has demonstrated fluctuating trends over the past decade. From 2013 to 2023, the production values ranged from 2.1894 million kilograms to 3.4458 million kilograms. Notable peaks and troughs include a significant rise of 50.57% in 2015, followed by a decline of 24.88% in 2016 and minor fluctuations thereafter. As of 2023, the value stood at 3.1111 million kilograms, marking a year-on-year decrease of 5.05%. Over the recent five-year period, the production exhibited a CAGR of -0.95%, reflecting a general declining trend.
Future trends to watch for include:
- An anticipated continuous decline in production with forecasts showing a 4.77% negative CAGR from 2024 to 2028.
- Potential market shifts due to changing demographics, consumer preferences, and regulatory impacts on infant food production.
