Sweden Potato Market Outlook (2018 to 2032)
Synopsis
The above chart is Sweden Potato Market Outlook (2018 to 2032)
Market Dynamics
the sweden potato market is expected to steadily expand over the next decade, driven by a number of factors including the increased demand for potato-based convenience foods, the rising number of swedish households, and the expansion of the global potato market.
the rising demand for convenience and ready-to-eat potato products has been a primary driver for growth in the swedish potato market. for instance, the major players have been introducing a larger number of convenience food products such as chips, wedges and crinkle-cut fries, increasing their offerings for their customers. this trend is expected to continue in the coming years, as new products continue to be introduced to meet the convenience needs of swedish consumers.
the number of households in sweden is also expected to keep increasing in the next few years, which could boost the demand for potatoes substantially. the trend of urbanization in the country has been growing exponentially, as people continue to migrate towards urban areas for better job opportunities and higher standards of living. this will likely boost the demand for potato-based convenience foods as more working families would prefer these convenient and fast meal solutions.
moreover, the ongoing expansion of the global potato market also bodes well for the swedish potato market. the global demand for potato products has been increasing significantly, driven by the growing demand for convenience foods from markets such as india and china. this, in turn, is expected to create more export opportunities for swedish potato producers, further contributing to the growth of the local market.
as a result, the sweden potato market is expected to witness steady growth in the coming years. however, this growth could be curtailed by rising costs, the impacts of climate change, and other external factors. though, with its strong market fundamentals and favourable contractual terms, the potato market of sweden is likely to continue to witness robust growth in the near future.