Denmark's fresh bovine meat market had varied growth, with significant fluctuations from 2013 to 2023 and a downward trend forecasted through 2028. As of 2023, the market was valued at €1.2568 billion. The market experienced considerable volatility between 2013 and 2023, with notable declines and sporadic recoveries. Key highlights include the 7.36% growth in 2015 and the sharp 8.81% decline in 2019. Recently, the market saw a slight downturn with a -0.11% year-on-year variation in both 2022 and 2023.
Forecasted data from 2024 to 2028 indicate a gradual decrease with a projected five-year CAGR of -0.08%, suggesting a continued slight downward trend. This aligns with the historical average year-on-year fluctuations, emphasizing a market reaching a plateau.
Future trends to watch include:
- Shifts in consumer preferences towards alternative protein sources.
- Environmental regulations impacting bovine meat production.
- Potential changes in trade policies affecting import/export dynamics.
