Market Insights Consumer Food Dairy Products & Eggs

Milk Substitutes - Sweden

Sweden

Revenue in the Milk Substitutes market amounts to €94.49m in 2024. The market is expected to grow annually by 13.93% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€9,212m in 2024).
In relation to total population figures, per person revenues of €8.85 are generated in 2024.
In the Milk Substitutes market, volume is expected to amount to 65.01m kg by 2029. The Milk Substitutes market is expected to show a volume growth of 12.4% in 2025.
The average volume per person in the Milk Substitutes market is expected to amount to 3.6kg in 2024.

Key regions: India, Canada, China, United States, Russia

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Comparación de regiones

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Analyst Opinion

The Milk Substitutes Market in Sweden has seen subdued growth due to the increasing awareness of health-conscious consumers and the convenience of online health services. Factors such as the adoption of digital technologies have also contributed to the market's growth.

Customer preferences: Consumer demand for plant-based milk substitutes is on the rise in Sweden, driven by a growing health and wellness trend. This shift is influenced by a growing concern for animal welfare and environmental sustainability, as well as a rise in lactose intolerance and dairy allergies. Additionally, the Swedish population's increasing interest in vegetarian and vegan diets has also contributed to the popularity of milk substitutes, with almond, oat, and soy milk being the most commonly consumed options. This trend is expected to continue as more individuals prioritize ethical and sustainable food choices.

Trends in the market: In Sweden, the Milk Substitutes Market within the Dairy Products & Eggs Market is experiencing a trend towards plant-based milk alternatives, with consumers increasingly opting for dairy-free options due to health and environmental concerns. Additionally, there is a growing demand for oat milk, as it is perceived as a sustainable and nutritious option. This trend is expected to continue, with industry experts predicting a significant increase in the sales of plant-based milk substitutes in the coming years. This shift towards plant-based options has implications for industry stakeholders, as they may need to adapt their production processes and marketing strategies to meet changing consumer preferences.

Local special circumstances: In Sweden, the Milk Substitutes Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong environmental values and focus on sustainability. This has led to a rise in demand for plant-based milk substitutes, such as oat, almond, and soy milk. Additionally, Sweden's strict regulations on animal welfare have also played a role in the popularity of milk substitutes. The market is also impacted by the country's high dairy consumption and the growing trend of veganism, further driving the demand for milk substitutes.

Underlying macroeconomic factors: The Milk Substitutes Market in Sweden is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other relevant financial indicators. Sweden's strong economy and stable political environment have created a favorable market for milk substitutes, with increasing demand for plant-based alternatives due to health and environmental concerns. The country's high level of technological advancement and favorable regulatory environment also contribute to the growth of the market. Additionally, the rise in lactose intolerance and veganism among the population is driving the demand for milk substitutes. The aging population and increasing prevalence of chronic diseases in Sweden also play a role in the market's growth, as consumers look for healthier and more sustainable options in their diet.

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.