Forecast: Poultry Meat Demand in Denmark

The demand for poultry meat in Denmark has shown a mix of fluctuations and modest growth over the past years. From 2014 to 2023, there have been periods of decline, significant increases, and stabilization. By 2023, the volume stood at 161.0 thousand metric tons, showing a consistent year-on-year growth rate of 1.26% over the past two years. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 has been relatively low at 0.76%, indicating a slow, but steady increase overall.

Looking back from 2014, the market experienced a significant fall in 2015 by 22.22%, followed by a substantial recovery in 2016 with a 42.86% increase. Subsequent years showed minor fluctuations, with the CAGR for 2019 at 2.67%, showcasing slight steadiness. The past five years from 2018 to 2023 reflect the most consistent growth pattern, albeit modest.

Forecasting into the future, from 2024 to 2028, the trend in poultry meat demand is expected to continue its gradual growth. With an anticipated five-year CAGR of 0.73% and an overall growth rate of 3.68%, the market should maintain its current trajectory.

Future trends to watch for include potential impacts of dietary shifts towards plant-based proteins, economic factors influencing meat consumption, and regulatory changes in the poultry industry that could alter demand patterns.