The margarine and low-fat spreads market in Denmark has shown a consistent decline since 2013. From a volume of 30.196 million kilograms in 2013, it fell to 22.108 million kilograms by 2023, marking a significant downward trend. Noteworthy year-on-year percentage drops include a 14.96% decrease in 2013, a 5.37% fall in 2017, and a 5.3% decline in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years was -3.67%, demonstrating a steady annual reduction in market volume.
Forecasts indicate a continued decline, with an expected volume of 16.1 million kilograms by 2028. This translates to a forecasted 5-year CAGR of -5.07%, suggesting further contraction.
Future trends to watch for include potential market shifts towards healthier alternatives, changes in consumer preferences driven by health trends, and possible innovations in product formulation that could impact market dynamics differently.
