From 2013 to 2018, the ice cream market in Denmark saw fluctuating trends, with a noteworthy spike in 2018, growing by 16% compared to the previous year, hitting 188.24 million Euros. However, post-2018, the market saw a correction, declining by 7.46% in 2019. The market stabilized with slight year-on-year growths of around 0.5% from 2020 to 2023. As of 2023, the market size stood at 179.95 million Euros.
From 2024 onwards, the market is forecasted to continue its moderate growth. By 2028, it is expected to reach 183.96 million Euros, marking a 5-year CAGR of 0.35% from 2023 onwards, indicating a steady but slow growth trajectory.
Key points include:
- Significant volatility from 2013 to 2018 with an exceptional peak in 2018.
- Post-2018 correction and stabilization of the market.
- Year-on-year growth rates moderating, around 0.5% annually from 2020 to 2023.
- 2028 forecast indicating a stable growth trend with a focus on sustainability and premiumization in product offerings.
Future trends to watch are the increase in demand for premium products, a shift towards healthier options, and growing consumer preference for sustainable and eco-friendly packaging.
