The crustaceans market in Denmark reached a volume of 41.83 thousand metric tons in 2023, reflecting a year-on-year growth rate of 2.1%. From 2014 to 2023, the market has displayed steady growth with interruptions, particularly showing strong increases in 2017 (33.83%) and 2021 (17.06%). The compound annual growth rate (CAGR) over the last five years stands at 1.93%, indicating moderate but consistent growth.
Forecasted data from 2024 to 2028 suggests continued growth, with the market expected to reach 46.18 thousand metric tons by 2028. The forecasted five-year CAGR is predicted to be 1.61%, resulting in an overall growth rate of 8.33% during this period.
Future Trends to Watch:
- **Sustainability and eco-certification**: Increased consumer demand for sustainably sourced crustaceans.- **Technology Integration**: Advancements in aquaculture technology may improve production efficiency.- **Health Consciousness**: Growing preference for protein-rich diets may boost market demand.
