In 2023, the fresh sheep meat market size in Sweden stood at 6.5809 million kilograms. Over the past two years (2021-2023), the market witnessed a slight decline with year-on-year variations consistently at -0.26%. The last five years evidenced a steady reduction, resulting in a Compound Annual Growth Rate (CAGR) of -3.1%.
Observing the longer-term trends from 2013 to 2023, the market experienced fluctuations, peaking in 2014 with an 11.3% increase, and encountering significant declines in years like 2019 (-12.5%). The forecasted CAGR for the upcoming five years (2024-2028) suggests a slight decline at -0.19%, predicting that the market will shrink further to 6.502 million kilograms by 2028.
Future trends to watch for include potential changes in consumer preferences towards alternative proteins, policy changes affecting livestock production, and environmental considerations impacting sheep farming. Monitoring shifts in local demand and global economic conditions will be crucial for navigating this market’s trajectory.
