The dairy products market in Denmark saw a significant growth in volume from 2012 to 2022, going from 821.71 million kilograms to 1678.0 million kilograms. The market grew at an average annual CAGR of 6.83% between 2012 and 2014, peaking at a CAGR of 13.83% from 2014 to 2017. However, growth rates slowed significantly in the last few years, with an average annual CAGR of 1.34% from 2019 to 2022. Notably, the market volume fluctuated with a negative trend in 2019 and moderate growth afterwards.
Key variations:
- Year-on-year growth peaked at 28.86% in 2017.
- The highest overall growth was observed between 2012 and 2017.
- From 2019 onwards, the market faced a decline and slow recovery.
In 2023, the market is estimated to have continued this moderate growth trend. Looking forward, market trends to watch for include potential impacts of sustainability practices, technological advancements in dairy production, and changing consumer preferences towards plant-based alternatives which might slow down or alter the growth trajectory of traditional dairy products.
How does Denmark rank in Dairy Products Market Size Volume?
| # | 18 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 19,403,000,000 | 2023 | -3.06% | +0.27% | View data |
| 2 | 2 Italy | 10,201,000,000 | 2023 | -0.41% | +0.13% | View data |
| 3 | 3 United Kingdom | 9,124,500,000 | 2023 | +0.024% | -1.23% | View data |
| 4 | 4 France | 8,255,900,000 | 2023 | -3.21% | -3.61% | View data |
| 5 | 5 Poland | 4,571,700,000 | 2023 | +0.73% | +0.76% | View data |
| 6 | 6 Denmark | 1,942,100,000 | 2023 | +5.1% | +3.38% | |
| 7 | 7 Sweden | 1,515,000,000 | 2023 | -1.05% | +0.92% | View data |
| 8 | 8 Austria | 1,305,400,000 | 2023 | +2.26% | +3.47% | View data |
