The soya sauce market in Denmark has shown fluctuating yet overall positive growth trends over the past decade. The market volume ranged from 1.3582 million kilograms in 2012 to 1.4491 million kilograms in 2022. The year-on-year variations have been inconsistent, with notable peaks and troughs including a substantial decline in 2017 (-10.57%) and positive rebounds such as in 2018 (9.59%) and 2020 (8.25%).
The compound annual growth rate (CAGR) over the past five years stands at 2.46%, reflecting moderate growth. The market bounced back after a decline in 2019 and continued to grow slightly but steadily.
Looking forward, future trends to watch for in the soya sauce market in Denmark include increasing consumer interest in Asian cuisine, potential new product innovations, and changing dietary habits that could boost the demand further. Additionally, market dynamics such as local production versus imports and sustainability trends may significantly influence market growth.
How does Denmark rank in Soya Sauce Market Size Volume?
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 20,120,000 | 2023 | +3.34% | +5.79% | View data |
| 2 | 2 Sweden | 4,461,200 | 2023 | +0.38% | +8.91% | View data |
| 3 | 3 Denmark | 1,482,300 | 2023 | +1.51% | +1.06% | |
| 4 | 4 Bulgaria | 498,610 | 2023 | +4.04% | +4.99% | View data |
| 5 | 5 Lithuania | 400,860 | 2023 | +2.66% | +1.43% | View data |
