Denmark's whole milk production has shown considerable growth over the past decade, rising from 60.7 thousand metric tons in 2013 to 124.9 thousand metric tons in 2023. This represents an impressive growth trajectory with notable year-on-year variations such as a high 12.19% in 2014 and 23.2% in 2015. While the production saw slight declines in 2022, it rebounded by 2.97% in 2023. Over the last five years (2019-2023), the Compound Annual Growth Rate (CAGR) was 5.12%.
Looking ahead, the forecasted data indicates continued growth, albeit at a slower pace with an estimated CAGR of 0.79% from 2024 to 2028. Production is expected to reach 132.0 thousand metric tons by 2028. This gradual growth suggests a mature market with limited but steady gains.
Future trends to watch for include potential impacts of global market conditions, advancements in dairy farming technologies, and shifts in consumer preferences towards alternative milk products. Regulatory changes related to dairy farming and trade policies could also influence production levels.
