From 2013 to 2023, the Sweet Biscuits and Gingerbread market in Denmark has exhibited a declining trend, starting at 185.52 million Euros in 2013 and decreasing to 109.41 million Euros in 2023. Year-on-year variations underscore this downward trajectory, with notable declines in certain years, such as -20.85% in 2017 and -12.14% in 2021. The Compound Annual Growth Rate (CAGR) over the last 5 years was -2.96%, highlighting a consistent decrease in market value.
Future trends to watch for include:
- Potential market recovery strategies by key players to revitalize sales.
- Consumer behavior shifts towards healthier or alternative snacks impacting traditional sweet biscuit and gingerbread sales.
- Innovations in product offerings to meet evolving consumer preferences and regain market share.
How does Denmark rank in Sweet Biscuits and Gingerbread Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,196,700,000 | 2023 | +2.22% | +2.43% | View data |
| 2 | 2 United Kingdom | 2,574,500,000 | 2023 | -1.25% | -0.83% | View data |
| 3 | 3 Germany | 2,458,900,000 | 2023 | -1.81% | +0.71% | View data |
| 4 | 4 Italy | 1,811,800,000 | 2023 | -6.22% | -6.24% | View data |
| 5 | 5 Spain | 1,586,200,000 | 2023 | +1.7% | +1.44% | View data |
| 15 | 15 Finland | 136,540,000 | 2023 | +0.74% | -0.22% | View data |
| 16 | 16 Croatia | 110,290,000 | 2023 | +0.9% | +1.55% | View data |
| 17 | 17 Denmark | 109,410,000 | 2023 | -4.95% | -2.96% | |
| 18 | 18 Austria | 81,352,000 | 2023 | -0.53% | -0.23% | View data |
| 19 | 19 Slovenia | 76,513,000 | 2023 | +1.16% | +0.5% | View data |