Market Insights Consumer Food Spreads & Sweeteners

Spreads - Sweden

Sweden

Revenue in the Spreads market amounts to US$439.10m in 2024. The market is expected to grow annually by 4.83% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (US$19,050m in 2024).
In relation to total population figures, per person revenues of US$41.14 are generated in 2024.
In the Spreads market, volume is expected to amount to 78.81m kg by 2029. The Spreads market is expected to show a volume growth of 3.4% in 2025.
The average volume per person in the Spreads market is expected to amount to 6.5kg in 2024.

Key regions: Canada, Philippines, China, Spain, India

Market

Region

Region comparison

Currency

Analyst Opinion

The Spreads Market within The Food market in Sweden is experiencing minimal growth, influenced by multiple factors such as consumer preferences for healthier options, increasing demand for convenience, and the emergence of new and diverse sub-markets. Despite the steady growth, the market is facing challenges such as changing consumer behavior and fluctuating raw material prices, which are impacting the overall growth rate.

Customer preferences: In Sweden, the Spreads & Sweeteners Market within The Food market has seen a growing demand for healthier and more sustainable options. This trend is driven by a rising awareness of the environmental impact of food production and a focus on clean label ingredients. Additionally, the popularity of plant-based diets and the rise of veganism has led to an increase in demand for spreads and sweeteners made from natural, non-animal sources. As a result, companies in this market are increasingly innovating and launching products that cater to these changing consumer preferences.

Trends in the market: In Sweden, the Spreads & Sweeteners Market within The Food market is experiencing a growing demand for healthier and more natural options. As consumers become more health-conscious, there is a shift towards spreads and sweeteners made from natural ingredients, such as honey, maple syrup, and agave nectar. This trend is expected to continue in the foreseeable future, as consumers prioritize health and wellness in their food choices. This has significant implications for industry stakeholders, who may need to adapt their product offerings to cater to this demand. Additionally, there is a rising trend of plant-based spreads, as more consumers adopt vegetarian and vegan diets. This presents an opportunity for companies to expand their product lines and cater to a growing segment of the market. In terms of market trajectory, the Spreads & Sweeteners Market in Sweden is expected to witness steady growth in the coming years, driven by these trends. Companies that can tap into this growing demand for healthier and more natural options may gain a competitive advantage in the market. Moreover, this trend aligns with the overall global trend towards healthier food options, indicating that it may have long-term implications for the industry.

Local special circumstances: In Sweden, the Spreads & Sweeteners Market within The Food market is heavily influenced by the country's strict regulations on food labeling and ingredients. This has led to a growing demand for natural and organic spreads and sweeteners, as well as a shift towards healthier options. Additionally, the Swedish love for fika (a coffee break with sweet treats) has also contributed to the growth of the spreads market. The country's strong commitment to sustainability and eco-friendly practices has also led to a rise in demand for locally sourced and ethically produced spreads and sweeteners.

Underlying macroeconomic factors: The Spreads Market of the Spreads & Sweeteners Market within The Food market is heavily influenced by macroeconomic factors in Sweden. The country's stable economic health, strong consumer purchasing power, and favorable regulatory environment have supported market growth. Additionally, the increasing demand for healthy and natural sweeteners, coupled with the growing health-conscious population, has driven the demand for spreads and sweeteners in the country. Furthermore, the rise in online retail and e-commerce platforms has also contributed to the market's growth, providing consumers with easy access to a wide range of products.

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.