The production of Fresh Dairy Products in Denmark experienced fluctuating trends over the past decade. From 2013 to 2023, production initially grew, peaking at 835.2 thousand metric tons in 2017, before witnessing a general decline. In 2023, production stood at 729.7 thousand metric tons, reflecting a slight increase of 0.027% year-on-year. Noteworthy declines were experienced in 2019 and 2022, driven by market conditions and possibly external factors affecting production.
Over the last two years, declines were registered with a significant drop of 5.62% in 2022, followed by stabilization in 2023 at 0.027%. The five-year CAGR ending in 2023 was -2.49%, highlighting a decreasing trend. Looking ahead, the forecast CAGR from 2024 to 2028 is projected at 0.01%, indicating only marginal growth.
Future trends to monitor include potential shifts in consumer preferences towards plant-based alternatives, advancements in production technology, and impacts of environmental regulations. These factors may influence the overall production dynamics in the Danish dairy sector.
