The manufacturing output of food products, beverages, and tobacco products in Sweden has seen fluctuating growth rates over the past decade. Between 2013 and 2023, the sector experienced both periods of slow growth and robust recovery, with 2023 marking an output value of SEK 202.85 billion. The year-on-year growth for 2021 and 2022 was 4.63% and 2.05%, respectively, and the compounded annual growth rate (CAGR) over the last five years reached 3.15%.
Looking forward from 2024 to 2028, forecasted growth indicates a more moderate expansion with a projected 1.73% CAGR. By 2028, the manufacturing output is expected to increase by 8.98% from 2023 levels, reaching SEK 226.27 billion.
Future trends to watch for include:
- Emerging markets and demographic shifts affecting demand
- Technological advancements and automation in manufacturing
- Regulatory changes impacting production and supply chains
- Consumer preferences shifting towards sustainable and healthier options
