The Danish yoghurts market demonstrated a steady upward trajectory from 2013 to 2023, with total volume increasing from 114.53 million kilograms in 2013 to 177.54 million kilograms in 2023. Notably, the market witnessed fluctuations in year-on-year growth, peaking at 11.88% in 2014 and the lowest growth at -2.2% in 2021. The compound annual growth rate (CAGR) over the last five years leading to 2023 stood at 4.7%.
Looking ahead, forecasts suggest that the market will continue to grow albeit at a slower annualized pace, with a CAGR of 2.12% leading to an estimated volume of 202.87 million kilograms by 2028, representing an 11.03% overall growth across five years.
Future Trends to Watch:
- Increasing consumer preference for healthy and organic yoghurt options
- Innovations in flavours and probiotic offerings
- Rise of plant-based yoghurt alternatives
- Impact of sustainable packaging on consumer choices
