In 2023, the raw sugar equivalent market size volume in Sweden stood at 324,000 metric tons. Analyzing the data from 2014 to 2023 reveals a steady decline, with only minor fluctuations. Notably, the year-on-year variations ranged from -1.8% in 2017 to a peak increase of 2.13% in 2018, but the overall trend has been downward.
Key points:
- From 2014 (357,000 metric tons) to 2023 (324,000 metric tons), the market shrank significantly.
- The average annual decline rate (CAGR) over the last five years (2023) is -0.67%.
- The year-on-year change for 2023 was -0.61%, reflecting a consistent downward trend observed over recent years.
Future trends indicate further decline, with a forecasted CAGR of -0.44% and an overall five-year growth rate decrease of -2.17% by 2028. Industry players should monitor health trends, sugar alternatives, and regulatory changes impacting sugar consumption.
