The sold production of dentifrices in Denmark exhibited remarkable fluctuations over the past decade. From 2013 to 2023, value increased from 61.28 to 1155.1 thousand euros, a significant rise. It peaked notably in 2021 and 2022, with year-on-year variations indicating substantial market growth, particularly noticeable between 2013 and 2021.
Noteworthy trends include a significant dip in 2019, followed by stabilization and steady growth from 2020 onwards. Recently, the year-on-year growth for 2022 (-2.36%) and 2023 (6.73%) reflects a more stable market. The CAGR over the last five years stood at 6.36%, indicating consistent average yearly growth, albeit with periodic fluctuations.
Future trends to observe:
- Continued steady market growth, with a forecasted CAGR of 4.21% from 2024 to 2028
- A forecasted overall growth rate of 22.92% from 2024 to 2028
- Potential market stabilization leading to more predictable growth patterns