Food - Sweden

Sweden

Revenue in the Food market amounts to US$37.61bn in 2024. The market is expected to grow annually by 4.98% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$7.83bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$3,546.00 are generated in 2024.
In the Food market, 4.5% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 7,144.00m kg by 2029. The Food market is expected to show a volume growth of 2.6% in 2025.
The average volume per person in the Food market is expected to amount to 602.90kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Sweden is experiencing minimal growth due to various factors such as changing consumer preferences, increasing health consciousness, and the convenience offered by online food services. The sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, Vegetables, Bread & Cereal Products, Oils & Fats, Sauces & Spices, Convenience Food, Spreads & Sweeteners, Confectionery & Snacks, Baby Food, Pet Food, Processed Vegetables, Fruit & Potatoes and Pasta & Rice also play a significant role in shaping the overall market. These factors have led to a shift towards healthier and more sustainable food options, resulting in a slower growth rate for The Food market in Sweden.

Customer preferences: As sustainability and ethical consumption become more important to Swedish consumers, there has been a rise in demand for locally sourced and organic food products. This trend is also driven by a growing interest in healthy and natural foods, with a focus on plant-based alternatives and free-from options. Additionally, there has been a shift towards convenience and time-saving solutions, such as meal kits and online grocery shopping, as busy lifestyles and urbanization continue to shape consumer preferences.

Trends in the market: In Sweden, The Food market is seeing a shift towards more sustainable and locally sourced products, as consumers become more conscious of their environmental impact. This trend is expected to continue, with government initiatives promoting sustainable practices and businesses adopting eco-friendly measures. Additionally, there is a growing demand for healthier and organic options, as consumers prioritize their health and wellbeing. This trend presents opportunities for industry stakeholders to cater to changing consumer preferences and differentiate themselves in a competitive market. However, it also poses challenges for traditional food producers who may struggle to adapt to these new demands. With the rise of online shopping and e-commerce, digital platforms are also gaining prominence in The Food market, providing convenience and accessibility for consumers. This trend is expected to continue, with potential implications for brick-and-mortar stores and traditional distribution channels. Therefore, businesses in The Food market must stay abreast of these trends and adapt their strategies to stay competitive in the evolving landscape.

Local special circumstances: In Sweden, The Food market is heavily influenced by the country's location and climate. As a cold and sparsely populated nation, Sweden has a strong focus on locally sourced and sustainable food options. This has led to the rise of farm-to-table restaurants and increased demand for organic and eco-friendly products. Additionally, Sweden's cultural values of health and wellness have also shaped the market, with a high demand for functional foods and a strong emphasis on clean eating. Furthermore, the country's strict food regulations and labeling laws have created a transparent and trustworthy food market, giving consumers confidence in their purchases.

Underlying macroeconomic factors: The Food market in Sweden is heavily influenced by macroeconomic factors such as consumer spending, economic stability, and government policies. Sweden has a strong economy with high levels of disposable income and a well-developed food industry. Additionally, the country has a strong focus on sustainability and healthy living, leading to a rise in demand for organic and locally sourced food products. The government also plays a significant role in promoting the growth of The Food market through policies and regulations that support the industry. This includes initiatives to reduce food waste and promote sustainable farming practices. As global trends towards healthier and more sustainable food options continue, Sweden's food market is expected to experience steady growth.

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.