The frozen vegetables market in Denmark has been experiencing a continual decline in volume since its peak in 2015 with 49.416 million kilograms, reaching 38.906 million kilograms in 2023. Over the past two years, the market saw an annual decline of approximately -2.24%. In the last five years, the compound annual growth rate (CAGR) averaged -2.28%, indicating a persistent downtrend.
Looking ahead, the forecast shows a continued decrease, with the volume projected to fall to 34.248 million kilograms by 2028. The forecasted 5-year CAGR from 2024 to 2028 is anticipated to be around -2.02%, marking a cumulative decline of -9.7% over this period.
Future trends to watch for include shifts in consumer preferences towards fresh or locally sourced produce, the impact of sustainability initiatives, and potential innovations in frozen food technology that could rejuvenate market interest.
