The meat processing sector in Denmark has experienced significant fluctuations over the past decade. The highest value recorded was in 2013, with 46.45 billion Danish Krones. Subsequent years saw a decline, particularly dramatic in 2018 with a year-on-year drop of 31.41%. Despite some recovery in the following years, the sector continued to face declines, with the latest actual data from 2023 standing at 31.57 billion Danish Krones. Year-on-year variations in the last two years show declines of 2.04% each year. The five-year CAGR leading up to 2023 was 1.39%, indicating a marginal annual growth.
Looking forward, the forecasted data from 2024 suggests a consistent downward trend, with a forecasted five-year CAGR of -1.66%, culminating in an 8.03% decline by 2028. This indicates a continued contraction in the sector.
Future trends to watch for:
- Efforts in sustainability and green practices could impact production methods and costs.
- Technological advancements may improve efficiency and product offerings in the sector.
- Changes in consumer preferences towards plant-based alternatives could further affect meat processing volumes.
- Potential policy changes related to agriculture and trade may also play a significant role in shaping the sector's future.
