The Danish frozen fish fillet market has demonstrated a steady increase overall, with notable fluctuations. From 2013 to 2023, production ranged from 10.295 to 20.935 million kilograms, indicating significant growth and volatility. After a peak in 2021, the year-on-year variation stabilized around 1.28% in 2023. Over the last five years, the compound annual growth rate (CAGR) stood at 11.68%, reflecting robust industry performance.
Looking forward, the forecasted CAGR for the next five years is 0.95%, suggesting moderate growth. Production is expected to reach 22.219 million kilograms by 2028, marking a 4.82% increase from 2023 levels.
Future trends to watch for include:
- Technological advancements in processing and freezing methods
- Shifts in consumer preferences toward sustainable and eco-friendly seafood
- Potential impact of global trade policies and environmental regulations on production
- The influence of climate change on fish stock availability