The wine market in Denmark displayed notable fluctuations between 2013 and 2023, with a minor overall upward trend. In 2023, the market stood at 166.8 million liters, benefiting from significant annual growth rates such as the 5.73% increase in 2021 and a subsequent 1.3% rise in 2022. The average CAGR over the last five years was calculated at 2.26%. From 2024 onwards, the market is forecasted to grow steadily with a five-year CAGR of 1.88%, reaching 187.81 million liters by 2028.
Future trends to watch for include:
- Increased consumer shift towards premium and organic wines.
- Rising importance of sustainable production methods.
- The impact of emerging local wine producers on the overall market.
