Market Insights Consumer Food Dairy Products & Eggs

Milk - Sweden

Sweden

Revenue in the Milk market amounts to €1.25bn in 2024. The market is expected to grow annually by 5.45% (CAGR 2024-2029).
In global comparison, most revenue is generated in India (€66bn in 2024).
In relation to total population figures, per person revenues of €117.40 are generated in 2024.
In the Milk market, volume is expected to amount to 0.56bn kg by 2029. The Milk market is expected to show a volume growth of 1.6% in 2025.
The average volume per person in the Milk market is expected to amount to 48.9kg in 2024.

Key regions: Russia, India, Canada, Japan, South Korea

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Milk Market in Sweden is experiencing minimal growth, influenced by factors such as changing consumer preferences and increasing health concerns. This has resulted in a rise in online milk services, contributing to the overall growth of the Dairy Products & Eggs Market in the country.

Customer preferences: Consumers in Sweden are increasingly becoming health-conscious, leading to a rise in demand for organic and plant-based milk alternatives. This trend is driven by a growing awareness of animal welfare and environmental sustainability. Additionally, the country's aging population is driving demand for fortified milk products, such as those enriched with calcium and vitamin D, to support bone health and prevent osteoporosis. Furthermore, with a busy and urban lifestyle, convenience is a key factor in milk purchasing decisions, leading to a rise in demand for single-serve packaging and ready-to-drink milk options.

Trends in the market: In Sweden, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a surge in demand for plant-based milk alternatives, such as oat milk and almond milk. This trend is being driven by a growing interest in sustainable and healthy options among consumers. Additionally, there is a rise in online grocery shopping, leading to increased competition among retailers and driving the need for innovative dairy product offerings. These trends are expected to continue, with potential implications for industry stakeholders including the need for product diversification and investment in e-commerce capabilities.

Local special circumstances: In Sweden, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong focus on sustainability and environmentally-friendly practices. This has led to a rise in demand for organic and locally-sourced milk products. Additionally, strict regulations on animal welfare and milk production standards have also played a significant role in shaping the market. Furthermore, the country's high per capita consumption of dairy products, due to cultural and dietary preferences, drives the market's growth and competitiveness.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Sweden is greatly impacted by macroeconomic factors such as government policies, global economic trends, and national economic health. Sweden has a strong dairy industry with high milk production, but recent years have seen a decline in milk consumption due to changing consumer preferences and health concerns. However, the industry is expected to experience growth due to government support and investment in research and development of new dairy products. Additionally, Sweden's stable economy, high disposable income, and strong demand for high-quality dairy products are also contributing to the growth of the milk market.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.