Denmark's short margarine production observed significant fluctuations from 2013 to 2023. In 2023, the production stood at 79.25 thousand metric tons. The period saw pronounced peaks in 2014 and 2017, with production peaking in 2017 at 138.57 thousand metric tons. The notable year-on-year variations include a surge of 57.33% in 2014 and a drop of 49.49% in 2018, reflecting a volatile production pattern. The five-year CAGR leading to 2023 was -2.02%, indicating a gradual downward trend projected through 2028.
From 2024 onwards, the forecast anticipates a continued decline in short margarine production, expected to reach 69.74 thousand metric tons by 2028. The forecasted five-year CAGR stands at -2.02%, suggesting a consistent reduction in production.
Future trends to watch:
- Shifts in consumer preferences towards healthier alternatives.
- Impact of sustainable production practices and regulations on the margarine industry.
- Technological advancements improving production efficiency in the food industry.
- Potential market dynamics affecting raw material supply and costs.
