The household expenditure on food in Denmark has shown a steady increase from 2023 to 2028. According to actual data, in 2023, the expenditure stood at 17.48 billion Euros. Moving forward, the forecasted expenditures are 18.05 billion Euros in 2024, 18.63 billion Euros in 2025, 19.21 billion Euros in 2026, 19.78 billion Euros in 2027, and 20.35 billion Euros in 2028.
The year-on-year increase from 2023 to 2024 is approximately 3.26%. For the following years, the increases are:
- 3.22% from 2024 to 2025
- 3.11% from 2025 to 2026
- 2.97% from 2026 to 2027
- 2.88% from 2027 to 2028
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is roughly 3.09% per year.
Future trends to watch for include the impact of inflation on food prices, changes in household income, and shifts in consumer preferences towards organic and sustainable food products. Additionally, technological advancements in food distribution and e-commerce are expected to significantly influence household food expenditure patterns.
