The Soya Sauce market in Denmark has experienced fluctuating trends over the past decade. In 2012, the market value was 3.8836 million Euros, gradually increasing until 2013. However, from 2014 to 2017, there were notable declines, especially in 2017 with a year-on-year decrease of 10.65%. From 2018 to 2020, the market saw a recovery phase, peaking in 2020 at 3.6461 million Euros. The last two years, 2021 and 2022, showed marginal declines, ending at 3.5988 million Euros by 2022. The Compound Annual Growth Rate (CAGR) over the last 5 years was around 1.41%.
Future trends to watch for include innovations in product offerings, increased consumer awareness regarding health benefits, and growing demand for international cuisines. These factors could positively impact market growth in the coming years. Additionally, sustainability and environmentally friendly production methods may become more significant, likely influencing consumer preferences and market dynamics.
How does Denmark rank in Soya Sauce Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 62,811,000 | 2023 | +3.02% | +4.74% | View data |
| 2 | 2 Spain | 26,781,000 | 2023 | +4.11% | +6.07% | View data |
| 3 | 3 Sweden | 16,964,000 | 2023 | +3.07% | +7.89% | View data |
| 4 | 4 Denmark | 3,368,400 | 2023 | -0.96% | -0.38% | |
| 5 | 5 Estonia | 1,431,700 | 2023 | +5.6% | +6.93% | View data |
| 6 | 6 Lithuania | 1,371,600 | 2023 | +3.21% | +2.08% | View data |
