Food - Sweden

  • Sweden
  • Revenue in the Food market amounts to €34.52bn in 2024. The market is expected to grow annually by 4.81% (CAGR 2024-2029).
  • The market's largest segment is the segment Meat with a market volume of €7.19bn in 2024.
  • In global comparison, most revenue is generated in China (€1,470bn in 2024).
  • In relation to total population figures, per person revenues of €3,254.00 are generated in 2024.
  • In the Food market, 4.5% of total revenue will be generated through online sales by 2024.
  • In the Food market, volume is expected to amount to 7,144.00m kg by 2029. The Food market is expected to show a volume growth of 2.6% in 2025.
  • The average volume per person in the Food market is expected to amount to 602.90kg in 2024.

Key regions: United States, Canada, China, India, South Korea

 
Marché
 
Région
 
Comparaison de régions
 
Monnaie
 

Analyst Opinion

The Food market in Sweden is experiencing minimal growth due to various factors such as changing consumer preferences, increasing health consciousness, and the convenience offered by online food services. The sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, Vegetables, Bread & Cereal Products, Oils & Fats, Sauces & Spices, Convenience Food, Spreads & Sweeteners, Confectionery & Snacks, Baby Food, Pet Food, Processed Vegetables, Fruit & Potatoes and Pasta & Rice also play a significant role in shaping the overall market. These factors have led to a shift towards healthier and more sustainable food options, resulting in a slower growth rate for The Food market in Sweden.

Customer preferences:
As sustainability and ethical consumption become more important to Swedish consumers, there has been a rise in demand for locally sourced and organic food products. This trend is also driven by a growing interest in healthy and natural foods, with a focus on plant-based alternatives and free-from options. Additionally, there has been a shift towards convenience and time-saving solutions, such as meal kits and online grocery shopping, as busy lifestyles and urbanization continue to shape consumer preferences.

Trends in the market:
In Sweden, The Food market is seeing a shift towards more sustainable and locally sourced products, as consumers become more conscious of their environmental impact. This trend is expected to continue, with government initiatives promoting sustainable practices and businesses adopting eco-friendly measures. Additionally, there is a growing demand for healthier and organic options, as consumers prioritize their health and wellbeing. This trend presents opportunities for industry stakeholders to cater to changing consumer preferences and differentiate themselves in a competitive market. However, it also poses challenges for traditional food producers who may struggle to adapt to these new demands. With the rise of online shopping and e-commerce, digital platforms are also gaining prominence in The Food market, providing convenience and accessibility for consumers. This trend is expected to continue, with potential implications for brick-and-mortar stores and traditional distribution channels. Therefore, businesses in The Food market must stay abreast of these trends and adapt their strategies to stay competitive in the evolving landscape.

Local special circumstances:
In Sweden, The Food market is heavily influenced by the country's location and climate. As a cold and sparsely populated nation, Sweden has a strong focus on locally sourced and sustainable food options. This has led to the rise of farm-to-table restaurants and increased demand for organic and eco-friendly products. Additionally, Sweden's cultural values of health and wellness have also shaped the market, with a high demand for functional foods and a strong emphasis on clean eating. Furthermore, the country's strict food regulations and labeling laws have created a transparent and trustworthy food market, giving consumers confidence in their purchases.

Underlying macroeconomic factors:
The Food market in Sweden is heavily influenced by macroeconomic factors such as consumer spending, economic stability, and government policies. Sweden has a strong economy with high levels of disposable income and a well-developed food industry. Additionally, the country has a strong focus on sustainability and healthy living, leading to a rise in demand for organic and locally sourced food products. The government also plays a significant role in promoting the growth of The Food market through policies and regulations that support the industry. This includes initiatives to reduce food waste and promote sustainable farming practices. As global trends towards healthier and more sustainable food options continue, Sweden's food market is expected to experience steady growth.

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.

Vue d’ensemble

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Product Types
  • Purchase Criteria
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
Veuillez patienter