The market for shelled groundnuts and nuts in Denmark experienced a fluctuating trend from 2013 to 2023, starting at 84.475 million euros in 2013 and reaching 136.56 million euros in 2023. The year-on-year variations indicate significant growth periods, such as 2015 (+29.11%) and 2019 (+15.93%), as well as periods of lesser increase or decline, such as 2021 (-4.61%). The last five years show an average annual growth (CAGR) of 3.22%, reflecting a steady ascent with some volatility.
Looking ahead, the market is forecasted to continue its upward trend, expecting to reach 150.53 million euros by 2028. This indicates a forecasted 5-year CAGR of 1.55% and an overall 5-year growth rate of 7.98%, suggesting moderate but consistent growth in the coming years.
Future trends to watch for:
- Consumer preference shifts towards healthy snacking options
- Increasing awareness and consumption of plant-based proteins
- Technological advancements in production and processing
- Potential impacts of economic fluctuations on consumer purchasing power
- Environmental and sustainability concerns influencing production practices
