The production of skimmed milk in Denmark has shown a consistent declining trend from 2013 to 2023, with the volume decreasing from 292.4 Thousand Metric Tons to 170.8 Thousand Metric Tons. The year-on-year variations highlight significant declines, especially in recent years, with a -10.11% drop recorded in 2023. Over the past five years, the CAGR has averaged -7.23%, indicating a strong downward trend.
From 2024 onward, the forecasted data predicts continuing decreases in production volume, reflecting an estimated average annual decline (forecast 5-year CAGR) of -5.16%. By 2028, production is expected to fall further to 119.3 Thousand Metric Tons.
Future trends to watch for include potential shifts in consumer preferences towards alternative milk products, advancements in production technologies, and changes in both domestic and international market demands which could influence production levels and industry dynamics in Denmark. Additionally, environmental policies and sustainability practices may also impact future production trends.
