Milk - Finland | Statista Market Forecast

Milk - Finland

Finland

Highlights

Revenue in the Milk market amounts to US$605.20m in 2024. The market is expected to grow annually by 3.74% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$71bn in 2024).
In relation to total population figures, per person revenues of US$109.00 are generated in 2024.
In the Milk market, volume is expected to amount to 382.90m kg by 2029. The Milk market is expected to show a volume growth of 0.5% in 2025.0.
The average volume per person in the Milk market is expected to amount to 67.2kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Milk Market in Finland within The Food market has seen minimal growth, influenced by factors such as declining dairy consumption and increasing demand for plant-based alternatives. Despite this, the market is expected to continue to grow due to the convenience and health benefits offered by milk products.

Customer preferences: As health and wellness become increasingly important to consumers in Finland, there is a growing demand for milk products that are free from additives and preservatives. This trend is driven by a cultural preference for natural and organic foods, as well as an aging population that is more conscious of their dietary choices. As a result, dairy companies are introducing new products that cater to these preferences, such as lactose-free and plant-based milk options. Additionally, there is a rising interest in locally sourced and sustainable dairy products, reflecting a growing awareness of environmental and ethical concerns among Finnish consumers. This shift towards healthier and more conscious consumption is expected to continue shaping the milk market in the coming years.

Trends in the market: In Finland, the Dairy Products & Eggs market is experiencing a shift towards plant-based milk alternatives, driven by increasing health consciousness and concerns over environmental sustainability. This trend is expected to continue as consumers seek out healthier and more sustainable options. As a result, dairy companies are diversifying their product portfolios to include plant-based options, while also investing in sustainable production methods. This trend has significant implications for industry stakeholders, as it requires adaptation to changing consumer preferences and potential shifts in supply and demand dynamics. It also presents opportunities for growth and innovation in the market.

Local special circumstances: In Finland, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong dairy farming and production industry. With a long history of producing high-quality milk and dairy products, Finland has strict regulations in place to ensure the safety and quality of its dairy products. Additionally, the country's cold climate and fertile land provide ideal conditions for dairy farming, resulting in a dependable and consistent supply of milk. Furthermore, Finland's strong cultural preference for dairy consumption also drives the demand for milk and other dairy products in the market. These unique local factors contribute to the stability and growth of the Milk Market in Finland.

Underlying macroeconomic factors: The Milk Market of the Dairy Products & Eggs Market within The Food market in Finland is significantly impacted by macroeconomic factors such as global economic trends, national economic health, and fiscal policies. The dairy industry in Finland is highly dependent on exports, making it vulnerable to changes in the global market. The country's strong economic performance, stable political environment, and favorable regulatory policies have contributed to the growth of the dairy industry. Additionally, the increasing health consciousness among consumers and the rising demand for organic and natural products are driving the growth of the dairy market in Finland. However, the industry also faces challenges such as fluctuating milk prices, increasing competition from plant-based alternatives, and environmental concerns.

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.