Demand remained under pressure in many categories of cooking ingredients and meals in 2023 due to high inflation and rising unit prices. With the squeeze on Europe’s fuel and energy supplies resulting from the Ukraine conflict causing significant increases in the cost of living, household spending remained under substantial pressure during the year as significant numbers of local people took every opportunity to economise, wherever possible.
One of the key aspects of the sustainability trend that has unfolded across Sweden’s packaged food industries in recent years has been the desire of consumers to favour local products over imported options alternatives. The principal sustainability issue here is the effort to reduce so-called “food miles”, an important consideration in a country that lies at the very northern edge of Europe.
The competition among the leading players in cooking ingredients and meals was already quite intense before the onset of the Ukraine conflict and the consequent high inflation which currently prevails in Europe. However, with household budgets increasingly under pressure as the cost-of-living continues to increase, very stiff price competition has become a major issue for numerous players in cooking ingredients and meals as they struggle to ensure that their products remain affordable and appealing to significant numbers of local consumers whilst still maintaining acceptable margins.
Foodservice volume sales increased across all categories of ingredients and meals in 2023 as Sweden’s consumer foodservice industry continued to recover from the heavy blow it suffered during 2020, when social distancing regulations that were imposed in response to the COVID-19 pandemic and the reluctance of consumers to spend time outside of the home due to fears of contagion led to severe declines in foodservice volume sales of cooking ingredients and meals. However, the return to dining out on a regular basis among a significant proportion of population that underpinned the strong performance of foodservice volume sales in cooking ingredients and meals during 2023 did not have a severely negative impact on retail volume sales as the home cooking trend that began in 2020 at the peak of the pandemic has remained in effect during the post-pandemic era.
The forecast period is set to see increasing interest among local consumers in cooking ingredients and meals with a health and wellness positioning and key players across all categories are expected to respond by launching a wider range of products that respond to the core tenets of the health and wellness trend. However, it is important that these new, healthier products still offer superior flavour and texture as consumers are increasingly unwilling to compromise on the organoleptic qualities of their food solely for health and wellness benefits.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Cooking Ingredients and Meals industry in Sweden with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Cooking Ingredients and Meals industry in Sweden, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Cooking Ingredients and Meals
This report originates from Passport, our Cooking Ingredients and Meals research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!