Convenience Food - Northern Europe

Northern Europe

Highlights

Revenue in the Convenience Food market amounts to US$6.34bn in 2024. The market is expected to grow annually by 4.07% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$187.20 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 710.50m kg by 2029. The Convenience Food market is expected to show a volume growth of 2.5% in 2025.0.
The average volume per person in the Convenience Food market is expected to amount to 19.1kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Convenience Food Market in Northern Europe is seeing minimal growth due to factors such as changing consumer preferences, health concerns, and competition from home-cooked meals. The Ready-to-Eat Meals and Soups sub-markets are also impacted by these trends, leading to a stagnant overall market growth rate. However, the market is still driven by convenience and time-saving benefits for busy consumers.

Customer preferences: Convenience and ease of use have become key considerations for consumers in Northern Europe, leading to a growing demand for ready-to-eat and quick-prep convenience food options. This trend is driven by busy lifestyles and a desire for more time-efficient meal solutions. Additionally, there is a growing interest in healthier convenience food options, with a focus on natural and organic ingredients. As a result, convenience food brands are incorporating more health-conscious options into their product lines to cater to this emerging consumer preference.

Trends in the market: In Northern Europe, the Convenience Food Market is experiencing a rise in demand for healthy and sustainable options. There is a growing trend towards plant-based and organic convenience foods, driven by increasing health consciousness among consumers. This trend is expected to continue as more consumers prioritize health and wellness in their food choices. Industry stakeholders should focus on developing and promoting healthier convenience food options to meet this demand and stay competitive in the market. Additionally, there is a shift towards online grocery shopping and meal delivery services, presenting opportunities for convenience food companies to expand their distribution channels and reach a wider audience.

Local special circumstances: In Northern Europe, the Convenience Food Market is heavily influenced by the region's high urbanization rate and busy lifestyle. The demand for quick and easy meals has led to the popularity of frozen and ready-to-eat options. Additionally, the strict regulations on food safety and labeling have played a key role in shaping the market. The emphasis on healthy and sustainable food options has also led to the growth of organic and plant-based convenience foods in the region.

Underlying macroeconomic factors: The Convenience Food Market within The Food market is heavily impacted by macroeconomic factors in Northern Europe. The region's strong economic health and stable fiscal policies have created a favorable environment for market growth. Additionally, the increasing demand for convenience and on-the-go food options, driven by busy lifestyles and changing consumer preferences, has contributed to the growth of the market. Furthermore, the region's high disposable income and strong consumer purchasing power have also been key drivers of market performance. However, increasing concerns about the health and environmental impacts of processed and convenience foods have led to a shift towards healthier and more sustainable food options, presenting both challenges and opportunities for market players.

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.