Between 2012 and 2022, the yoghurt market in Denmark saw significant fluctuations, growing from 107.03 million kilograms to 172.77 million kilograms. With notable growth seen in 2014 (11.88%) and 2019 (10.73%), the market exhibited resilience, particularly in years like 2020, where the volume increased by 9.29%, likely influenced by pandemic-induced changes in consumer behavior. More recently, the market experienced a minor decline in 2021 by -2.2%, but rebounded in 2022 with a 3.45% increase. The Compound Annual Growth Rate (CAGR) over the last five years has been 5.51%, indicating a steady growth trend.
In 2023, the market stood robustly at around the 2022 levels, setting the stage for future trends in 2024 and beyond. Key trends to watch include the rising demand for health-centric and functional yoghurts, the impact of economic conditions on consumer spending, and the influence of sustainability and eco-friendly packaging on purchasing decisions. These factors will likely shape the market dynamics and present new opportunities for innovation and efficiency gains.
How does Denmark rank in Yoghurts Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,983,900,000 | 2023 | +2.3% | -0.45% | View data |
| 2 | 2 France | 1,844,800,000 | 2023 | -0.4% | -1.03% | View data |
| 3 | 3 United Kingdom | 698,630,000 | 2023 | +0.2% | +1% | View data |
| 4 | 4 Poland | 691,690,000 | 2023 | +0.77% | +0.43% | View data |
| 5 | 5 Italy | 520,610,000 | 2023 | -0.35% | -5.15% | View data |
| 8 | 8 Czech Republic | 188,430,000 | 2023 | +0.48% | +0.28% | View data |
| 9 | 9 Romania | 185,240,000 | 2023 | +0.81% | +1.69% | View data |
| 10 | 10 Denmark | 177,540,000 | 2023 | +3.03% | +4.7% | |
| 11 | 11 Finland | 167,850,000 | 2023 | -3.3% | -3.13% | View data |
| 12 | 12 Hungary | 153,670,000 | 2023 | -1.11% | -1.56% | View data |
