The production volumes of food, beverages, and tobacco in Denmark experienced a steady increase from 2013 to 2023, with the value reaching 152.17 Billion Danish Krones in 2023. The year-on-year variation has generally been positive, seeing notable spikes in 2017 and 2018, but has shown a slower growth rate in the more recent years, specifically from 2019 onwards. Over the last two years (2022-2023), the year-on-year growth rate was around 0.34%, indicating a plateau in growth. The CAGR over the last five years stands at a modest 0.16%.
Looking ahead, the forecasted data suggest a continued but gradual increase in production volumes, with the value expected to reach 154.61 Billion Danish Krones by 2028. The forecasted 5-year CAGR is 0.25%, and the total predicted growth rate over this period is 1.27%, hinting at an overall positive but sluggish expansion.
Future trends to watch for include the potential impacts of technological innovations in production processes, changes in consumer preferences towards healthier and sustainable products, and regulatory shifts that could affect production volumes. Monitoring these factors will be crucial for understanding the longer-term evolution of the market.