The coffee market in Denmark has experienced a gradual decline in volume over the past decade, starting from 47.0 thousand metric tons in 2014 and reaching 38.0 thousand metric tons in 2023. The year-on-year variations indicate fluctuating trends, with a significant drop of -8.51% in 2015 and an increase of 5.26% in 2021. However, the overall Compound Annual Growth Rate (CAGR) over the past five years has been -1.02%, reflecting a downward trend.
For the forecasted period from 2024 to 2028, the coffee market is projected to continue its decline, with a forecasted CAGR of -1.13% and a total decrease of 5.52% by 2028. This suggests a consistent reduction in coffee consumption volumes.
Future Trends to Watch For:
- Shifting consumer preferences towards alternative beverages or premium coffee products.
- Impact of health trends and sustainability concerns on coffee consumption.
- Potential growth in market segments such as organic or specialty coffee.
- Economic factors influencing discretionary spending on coffee products.
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