The market size for shelled groundnuts and nuts in Sweden experienced various fluctuations from 2013 to 2023, standing at 129.7 million Euros in 2023. Notable changes include a peak in 2014, followed by a decline through 2016, and a significant drop in 2019. However, the market has since shown a recovering trend with marginal year-on-year growth of around 1.78% in 2023. Over a 5-year period, the compound annual growth rate (CAGR) has been minimal at 0.057%.
Looking ahead, the forecast suggests a steady increase, with the market expected to reach 140.72 million Euros by 2028. This indicates an anticipated 1.3% CAGR over the next five years, totalizing a 6.65% growth rate.
Future trends to watch for:
- Consumer preference shifts towards healthy snacking
- Potential impacts of climate change on nut yields
- Supply chain evolution and efficiencies
- Regulatory changes impacting import/export
