Meat - Sweden

Sweden

Revenue in the Meat market amounts to €7.27bn in 2024. The market is expected to grow annually by 5.54% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€253bn in 2024).
In relation to total population figures, per person revenues of €680.60 are generated in 2024.
In the Meat market, volume is expected to amount to 596.00m kg by 2029. The Meat market is expected to show a volume growth of 3.1% in 2025.
The average volume per person in the Meat market is expected to amount to 48.9kg in 2024.

Key regions: Russia, China, Spain, Canada, United Kingdom

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Meat Market in Sweden has been experiencing minimal growth due to factors such as increasing consumption of plant-based alternatives, health concerns, and the convenience of online shopping. While the Fresh Meat and Processed Meat sub-markets are still dominant, the rising demand for Meat Substitutes is impacting the overall growth rate.

Customer preferences: In Sweden, there has been a significant rise in demand for sustainable and ethically sourced meat products. With a growing awareness of environmental and animal welfare concerns, consumers are increasingly seeking out meat from local and organic farms. This trend is also driven by the rising popularity of flexitarian and plant-based diets, with more individuals opting for meat-free meals or reducing their meat consumption. As a result, retailers and food producers are responding by offering a wider range of meat alternatives and promoting sustainable meat production practices.

Trends in the market: In Sweden, the Meat Market within The Food market is seeing a rise in demand for plant-based alternatives, with more consumers opting for a flexitarian or vegetarian diet. This trend is driven by growing concerns over sustainability and animal welfare, as well as health considerations. In response, the meat industry is adapting by investing in and promoting plant-based products. This trajectory is significant as it reflects a shift in consumer preferences and has potential implications for traditional meat producers. It also presents opportunities for new entrants in the market, such as plant-based startups and food retailers.

Local special circumstances: In Sweden, the Meat Market within The Food market is heavily influenced by the country's high standards for animal welfare and sustainable farming practices. This has led to a demand for locally sourced, organic meat products and a growing trend towards plant-based alternatives. Additionally, the Swedish government has implemented strict regulations on labeling and traceability, creating a transparent and trustworthy market for consumers. Furthermore, the country's strong focus on health and wellness has led to the popularity of niche meat products such as grass-fed beef and free-range poultry. These unique factors have shaped the Meat Market in Sweden, making it a highly competitive and innovative segment within the overall Food Market industry.

Underlying macroeconomic factors: The Meat Market within The Food market in Sweden is heavily influenced by macroeconomic factors such as consumer spending, import/export policies, and government regulations. Sweden's strong economy and stable political climate contribute to a high level of consumer confidence and disposable income, driving demand for high-quality and sustainable meat products. Additionally, the country's strict regulations on animal welfare and environmental sustainability have led to a growing demand for ethically produced meat, creating opportunities for market growth and innovation. However, the market may also be impacted by global economic trends such as fluctuations in commodity prices and trade agreements, highlighting the importance of monitoring macroeconomic factors in assessing market performance.

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.