The Margarine and Low Fat Spreads market in Denmark has exhibited a declining trend from 2013 to 2023, starting at a market size value of 59.201 million Euros in 2013 and reducing to 36.358 million Euros in 2023. The year-on-year variations highlight significant drops, notably a 20.39% decrease in 2014. Recent years show a consistent decline, with a reduction of 4.21% in 2023. The compounded annual growth rate (CAGR) over the last five years stands at -3.84%.
Looking at the forecasted data from 2024 to 2028, the annual market value continues to diminish, reaching an estimated 28.6 million Euros by 2028, with a forecasted 5-year CAGR of -3.83% and an overall decline rate of 17.76% during this period.
Future trends to watch for include:
- Changes in consumer health consciousness potentially influencing shifts from low-fat spreads to alternatives.
- Impact of emerging dietary trends such as plant-based and vegan diets on margarine and spread preferences.
- Economic factors affecting consumer purchasing power and its effect on premium versus budget spread choices.
