In Denmark, the margarine market experienced notable fluctuations over the years from 2012 to 2022. The market value in 2012 was 112.72 million Euros, which then declined significantly, hitting a low of 87.977 million Euros in 2015 due to various market dynamics. However, the market saw a recovery from 2016 onwards, peaking at 104.6 million Euros in 2017. From 2018 to 2022, there was a slight downward trend with marginal year-on-year decreases, resulting in the 2022 value standing at 99.845 million Euros. The overall compound annual growth rate (CAGR) over the last five years indicates a slight decline of -0.93% per year.
Key trends and variations between 2021 and 2022 showed almost negligible decreases of -0.75% and -0.32% year-on-year, respectively.
Future trends to watch for include shifts in consumer preferences towards healthier and plant-based alternatives, potential impacts of economic variables on consumer spending, and innovations within the margarine product offerings to align with health-conscious trends.
How does Denmark rank in Margarine Market Size Value?
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 605,400,000 | 2023 | -1.07% | -3.8% | View data |
| 2 | 2 Germany | 401,480,000 | 2023 | -10.56% | -8.74% | View data |
| 3 | 3 Netherlands | 302,850,000 | 2023 | -5% | -3.54% | View data |
| 4 | 4 Italy | 262,370,000 | 2023 | -0.28% | +0.89% | View data |
| 5 | 5 Denmark | 95,850,000 | 2023 | -0.92% | -1.24% | |
| 6 | 6 Romania | 87,826,000 | 2023 | +1.16% | -2.67% | View data |
| 7 | 7 Hungary | 70,129,000 | 2023 | -0.52% | +0.61% | View data |
