From 2012 to 2022, the frozen sheep meat market in Denmark exhibited a general decline in volume. Starting at 2.5923 million kilograms in 2012, it fell to 1.6483 million kilograms by 2022. Significant year-on-year drops occurred in 2013 (-11.34%), 2014 (-21.63%), and 2017 (-16.76%). However, minor rebounds were noted in 2016 (6.09%) and 2018 (5.4%). In recent years, volumes showed moderate fluctuations, with small increases in 2019 (0.93%), 2020 (0.93%), and 2021 (1.23%), followed by a decrease in 2022 (-4.3%). The average annual change (CAGR) over the past five years was 0.79%.
Future trends to watch for:
- Consumer preferences shifting towards alternative protein sources.
- Potential impacts of environmental and sustainability concerns on meat consumption.
- Effect of international trade policies and regulations on market dynamics.