Between 2013 and 2023, the sold production of bread in Denmark showed a notable declining trend, from 266.74 million kilograms in 2013 to 230.36 million kilograms in 2023. The year-on-year variation was negative at multiple points, indicating recurring declines, especially in 2014 (-6.45%), 2016 (-3.25%), 2018 (-5.34%), and 2020 (-4.1%). However, in recent years, the decline has slowed down and started to slightly recover, with a slight positive variation in 2022 (0.96%) and 2023 (0.94%). The five-year CAGR from 2019 to 2023 was -0.39%, reflecting a gradual stabilization of the market.
Future trends to watch for:
- Forecasted growth with a 5-year CAGR of 0.7%, expected to increase the production volume to 240.75 million kilograms by 2028.
- Continued stabilization and potential recovery in the bread market, driven by changing consumer preferences and potential industry innovations.
- Impact of health trends and alternative bread products on production volumes.
