Processed Meat - Finland

Finland

Revenue in the Processed Meat market amounts to US$1.28bn in 2024. The market is expected to grow annually by 3.08% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$42bn in 2024).
In relation to total population figures, per person revenues of US$227.90 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 119.60m kg by 2029. The Processed Meat market is expected to show a volume growth of 1.1% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 20.1kg in 2024.

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

Market

Region

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Analyst Opinion

The Processed Meat market in Finland, within the larger Meat and Food markets, is experiencing minimal growth. This can be attributed to factors such as changing consumer preferences for healthier food options, increasing awareness about the negative health impacts of processed meats, and the emergence of alternative protein sources. Additionally, government regulations and policies promoting healthier eating habits and reducing meat consumption may also be impacting the growth rate of the market.

Customer preferences: In Finland, there has been a noticeable trend towards healthier and more sustainable food choices, leading to a decline in the consumption of processed meat products. This shift is driven by a growing awareness of the negative health and environmental impacts of processed meats. As a result, there has been a rise in demand for plant-based alternatives and locally sourced, organic meats. Additionally, there has been a rise in flexitarian and vegetarian diets, as well as a focus on reducing food waste and promoting ethical and sustainable food production.

Trends in the market: In Finland, the Processed Meat market is seeing a shift towards healthier and more sustainable options. The increasing awareness about the health risks associated with processed meat consumption has led to a rise in demand for plant-based alternatives. This trend is expected to continue as consumers prioritize health and sustainability in their food choices. This presents opportunities for industry stakeholders to diversify their product offerings and cater to the changing preferences of consumers. Additionally, with the rise of e-commerce and online grocery shopping, there is a growing trend of online sales for processed meat products. This presents a new channel for market players to reach a wider customer base and expand their market share. It also highlights the importance of digital marketing and e-commerce strategies for industry stakeholders to stay competitive in the market. Overall, the current trends in the Processed Meat market in Finland signal a shift towards healthier and more sustainable options, presenting both challenges and opportunities for industry players.

Local special circumstances: In Finland, the Processed Meat Market of the Meat Market within The Food market is influenced by the country's strong cultural tradition of consuming meat as a staple food. This has led to a high demand for processed meat products, such as sausages and cold cuts. Additionally, Finland's strict regulations on meat production and labeling have created a reputation for high quality and safe processed meats, which has contributed to the market's growth. With a strong focus on sustainability and ethical sourcing, there is also a trend towards locally produced and organic processed meat options in the Finnish market.

Underlying macroeconomic factors: The Processed Meat Market of the Meat Market within The Food market in Finland is heavily impacted by macroeconomic factors such as consumer spending power, government regulations, and trade policies. The rise in disposable income levels, coupled with a growing population, has led to an increase in demand for processed meat products. However, stringent government regulations on food safety and labeling have posed challenges for market players. Furthermore, changes in trade policies, especially in terms of imports and exports, have also influenced the market dynamics. These factors play a crucial role in shaping the growth and profitability of the Processed Meat Market in Finland, as well as its overall contribution to the Meat Market and 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.