Key trends in 2024
In 2024, staple foods in Finland registered positive overall growth in both volume and current value terms. Unit prices continued to grow in many categories, boosting value sales but forcing many Finnish consumers to react by trading down or seeking price promotions.
Staple foods in 2024: The big picture
Staple foods saw plenty of innovation in line with ongoing trends. Health and wellness added value features, such as high fibre content, reduced sugar and salt content, and no gluten or lactose, are all visible in new product development.
Competitive Landscape
The competitive landscape in Finland's staple foods industry remained stable but highly fragmented in 2024, with no player holding more than single-digit share. Lantmännen ek för retained the overall lead once again, closely followed by Karl Fazer Oy Ab.
Channel developments
Sales of staple foods through distribution channels remained largely unchanged in 2024, with hypermarkets leading the field, closely followed by supermarkets. The latter, however, lost a small amount of share to discount is, which enjoyed increased footfall as Finns sought to save money when shopping for groceries.
What next for staple foods?
While staple foods faces maturity and volume sales growth will be challenging, current value sales can be boosted by offering higher quality, functional, and added value products that align with the ongoing health and wellness trend. Some categories still have novelty value and room for growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Staple Foods industry in Finland 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 Staple Foods industry in Finland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Staple Foods in Finland report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Staple Foods in Finland?
- Which are the leading brands in Staple Foods in Finland?
- How are products distributed in Staple Foods in Finland?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Staple Foods?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Finland?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Staple Foods in Finland
Key trends in 2024
Staple foods in 2024: The big picture
Competitive Landscape
Channel developments
What next for staple foods?
DISCLAIMER
Baked Goods in Finland
KEY DATA FINDINGS
Growth across all metrics for baked goods in 2024
New launches allow leading player to gain share
Health and wellness trend shapes new product development
Sustainability to drive messaging and packaging development
Private label lines set to gain traction
Leading channels will face ongoing challenge from discounters in the coming years
Breakfast Cereals in Finland
KEY DATA FINDINGS
New product development drives current value sales in 2024
Health and wellness trend continues to penetrate breakfast cereals
Indulgence confectionery flavours increasingly visible in breakfast cereals
Players will use packaging to attract and retain consumer interest
Private label will continue to grain traction in the year ahead
Sustainability will shape developments in breakfast cereals in Finland
Processed Fruit and Vegetables in Finland
KEY DATA FINDINGS
Modest growth in a mature category
Convenience trend informs new product development
Private label and discounters benefit from price sensitivity in 2024
Domestic production and sustainability will remain high on the agenda
Frozen fruit and vegetables will benefit from concerns about food waste
Key trends will inform packaging developments in the years ahead
Processed Meat, Seafood and Alternatives To Meat in Finland
KEY DATA FINDINGS
Players vie for share in a mature category in 2024
Innovation continues apace in plant-based meat substitutes
Convenience remains a key trend as Finns dine at home
Local production will remain popular with Finnish consumers
Private label will continue offering on trend product that affordable prices
Sustainability initiatives set to become more common as players seek to differentiate
Rice, Pasta and Noodles in Finland
KEY DATA FINDINGS
Growth for rice, pasta and noodles in 2024 as consumers dine at home and players offer more convenience
Price sensitivity amongst local consumers gives private label and discounters a boost
Health and wellness trend boosts new product development in pasta
Recycling, sustainability and ethical concerns will move to the fore
Private labels set to continue attracting consumers with quality products at competitive prices
Despite price consciousness, premiumisation trend will continue apace
The following categories and subcategories are included:
Staple Foods
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- Packaged Flat Bread
- Unpackaged Flat Bread
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- Packaged Leavened Bread
- Unpackaged Leavened Bread
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- Packaged Cakes
- Unpackaged Cakes
- Dessert Mixes
- Frozen Baked Goods
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- Packaged Pastries
- Unpackaged Pastries
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- Sweet Pies and Tarts
- Frozen Cakes, Sweet Pies and Tarts
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- Hot Cereals
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- Children's Breakfast Cereals
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- Flakes
- Muesli and Granola
- Other RTE Cereals
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- Shelf Stable Beans
- Shelf Stable Fruit
- Shelf Stable Tomatoes
- Shelf Stable Vegetables
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- Frozen Fruit
- Frozen Processed Potatoes
- Frozen Processed Vegetables
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- Shelf Stable Processed Red Meat
- Shelf Stable Processed Poultry
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- Chilled Processed Red Meat
- Chilled Processed Poultry
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- Frozen Processed Red Meat
- Frozen Processed Poultry
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- Shelf Stable Seafood
- Chilled Processed Seafood
- Frozen Processed Seafood
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- Chilled Meat and Seafood Substitutes
- Frozen Meat and Seafood Substitutes
- Shelf Stable Meat and Seafood Substitutes
- Tofu and Derivatives
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- Chilled Noodles
- Frozen Noodles
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- Instant Noodle Cups
- Instant Noodle Pouches
- Plain Noodles
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- Chilled Pasta
- Dried Pasta
- Rice
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Staple Foods
NOTE: Couscous, polenta and quinoa are excluded from staple foods.
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This report originates from Passport, our Staple Foods research and analysis database.
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