The processed milk market in Sweden has exhibited varying trends from 2012 to 2022. The market stood at 944.29 million euros in 2012, rising modestly to 976.57 million euros by 2014, driven by positive year-on-year variations. However, from 2015 to 2019, the market faced a significant decline, with notable drops in 2015 (-12.68%) and 2019 (-9.14%). In 2020, the market slightly stabilized but resumed its declining trend in 2022, falling to 719.95 million euros. Over the past five years, the compound annual growth rate (CAGR) has consistently been negative, averaging -3.28% from 2017 to 2022.
Future trends to watch for include:
- Possible impacts of shifting consumer preferences towards non-dairy milk alternatives.
- Changes in regulatory policies affecting dairy production and sales.
- Innovations in processed milk products aimed at improving health benefits and sustainability.
How does Sweden rank in Processed Milk Market Size Value?
# | 17 Countries | Euros | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 5,779,400,000 | 2023 | +1.87% | +1.29% | View data |
2 | 2 United Kingdom | 4,850,400,000 | 2023 | -0.71% | +0.011% | View data |
3 | 3 Italy | 4,113,800,000 | 2023 | -0.16% | +1.56% | View data |
4 | 4 France | 3,149,600,000 | 2023 | +0.98% | +0.38% | View data |
5 | 5 Poland | 1,091,900,000 | 2023 | -0.39% | +2.75% | View data |
6 | 6 Sweden | 710,680,000 | 2023 | -1.58% | -2.19% | |
7 | 7 Austria | 542,850,000 | 2023 | +2.74% | +0.6% | View data |
8 | 8 Romania | 529,950,000 | 2023 | +5.01% | +6.54% | View data |