The prepared meals market in Finland has shown a declining trend over the past decade. Starting from 141.61 million kilograms in 2013, the market saw a downward trajectory with some fluctuations. Notably, the volume dropped to 126.59 million kilograms by 2019. A temporary increase occurred in 2021 with 137.04 million kilograms, but the trend resumed its decline, reaching 129.98 million kilograms in 2023.
The year-on-year variation from 2022 to 2023 was -2.6%, and the Compound Annual Growth Rate (CAGR) over the last five years stands at 0.51%. Future forecasts suggest continued decline, with the market expected to decrease to 113.11 million kilograms by 2028, reflecting a CAGR of -2.22% and an overall decline of -10.61% over the next five years.
Future trends to watch for:
- Market adaptation to consumer health trends and sustainability concerns.
- Technological innovations in food packaging and preparation.
- Shifts in consumer preferences towards fresh and organic meal options.
- Economic factors affecting disposable income and, thus, spending on prepared meals.
