The dairy and cheese processing turnover in Sweden saw varying trends over the past decade. Between 2013 and 2023, turnover declined, with a significant drop from 2013 to 2016, then fluctuating from 2017 onwards. The year 2023 marked a value of 2.52 billion Euros, showing a minor decrease compared to 2022. In terms of year-on-year variation, 2022 and 2023 both experienced slight declines. The five-year CAGR from 2019 to 2023 stands at a modest 0.024%, highlighting a relatively stable but stagnant market. Forecasts from 2024 to 2028 suggest a marginal overall decrease, with a forecasted five-year CAGR of -0.07%.
Future trends to watch for include potential technological advancements in processing, shifting consumer preferences towards alternative dairy products, and the impact of sustainability practices on production and consumption patterns. Monitoring these factors could offer insights into future market dynamics and potential growth or further decline in turnover.
Bullet Points:
- 2013-2023: Overall decline with fluctuations
- 2023 Turnover: 2.52 billion Euros
- 2023 YoY: Slight decrease
- 2019-2023 CAGR: 0.024%
- 2024-2028: Marginal decrease in forecasted turnover with a CAGR of -0.07%
- Key future trends to watch: Technological advancements, alternative dairy products, sustainability practices
