Market Insights Consumer Food Confectionery & Snacks

Snack Food - Sweden

Sweden

Revenue in the Snack Food market amounts to US$1.31bn in 2024. The market is expected to grow annually by 5.72% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$52bn in 2024).
In relation to total population figures, per person revenues of US$123.00 are generated in 2024.
In the Snack Food market, volume is expected to amount to 140.80m kg by 2029. The Snack Food market is expected to show a volume growth of 3.7% in 2025.
The average volume per person in the Snack Food market is expected to amount to 11.4kg in 2024.

Key regions: Japan, India, China, United Kingdom, South Korea

Market

Region

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Currency

Analyst Opinion

The Snack Food Market in Sweden, part of the Confectionery & Snacks Market, has seen minimal growth due to factors such as changing consumer preferences, increasing health consciousness, and the rise of alternative snack options. However, the market is still driven by convenience and the growing popularity of online shopping for snacks. This has led to a steady growth rate in sub-markets like Tortilla Chips, Flips & Pretzels, Potato Chips, and Cookies & Crackers.

Customer preferences: Consumers in Sweden are increasingly gravitating towards healthier snack options, such as organic and plant-based snacks, in response to growing health and wellness concerns. This trend is also reflected in the rising demand for locally sourced and sustainably produced snacks. Additionally, there is a growing preference for snacks that cater to specific dietary needs, such as gluten-free and vegan options. These shifts in consumer preferences are driven by a combination of factors, including a growing awareness of the impact of food on health and the environment, as well as a desire for more personalized and socially responsible choices.

Trends in the market: In Sweden, there is a growing demand for healthier snack options, with consumers seeking out products that are low in sugar, fat, and calories. This trend is driven by the increasing awareness of the importance of healthy eating and the rise of health-conscious consumers. As a result, manufacturers are responding by offering a wider variety of healthier snack options, including organic and plant-based options. This trend is expected to continue, with consumers showing a strong preference for healthier snacks, presenting opportunities for industry stakeholders to tap into this growing market segment. Additionally, there is a trend towards more sustainable packaging, with consumers showing a preference for environmentally-friendly options. This shift towards sustainability is expected to have a significant impact on the snack food industry, with manufacturers investing in innovative packaging solutions to meet consumer demand. Overall, these trends signal a shift towards healthier and more sustainable snacking options, presenting both challenges and opportunities for industry stakeholders to adapt and thrive in this evolving market.

Local special circumstances: In Sweden, the Snack Food Market of the Confectionery & Snacks Market within The Food market is influenced by the country's strong focus on health and wellness. This has led to a rise in demand for healthier snack options, such as organic and natural products. Additionally, strict regulations on food labeling and advertising have contributed to the market's emphasis on transparency and clean ingredients. Sweden's high disposable income and preference for convenience have also fueled the growth of online and delivery services for snack foods.

Underlying macroeconomic factors: The Snack Food Market in Sweden is heavily influenced by macroeconomic factors such as consumer spending power, inflation rates, and trade policies. As a developed country with a strong economy, Sweden has a high level of disposable income, which drives the demand for premium and healthy snack options. In addition, the country's stable economic growth and low inflation rates create a favorable environment for businesses to invest and expand their operations. Furthermore, Sweden's trade policies, including its membership in the European Union, allow for easier access to imported snacks and ingredients, contributing to the diversity and innovation of the Snack Food 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.