From 2013 to 2023, the orange juice market size in Denmark has shown a varied trend. Starting from 88.036 million Euros in 2013, it peaked in 2017 at 108.47 million Euros before experiencing a decline and subsequent recuperation to reach 103.51 million Euros in 2023. From 2013 to 2023, the market observed fluctuations with year-on-year variations, reflecting an overall stabilization towards the end of the decade.
Key variations over the period include a significant increase in market size in 2017 with a 15.42% rise and a notable decrease in 2020 with a 7.58% decline. Over the last two years, the market saw modest growths of 0.8% in 2022 and 0.79% in 2023. The Compound Annual Growth Rate (CAGR) over the five years leading up to 2023 averaged at -0.69%, indicating a slight contraction overall.
Looking forward, the market is forecasted to grow moderately, with an average annual growth rate (CAGR) of 0.59% from 2024 to 2028, reaching 107.43 million Euros by 2028, which signifies a total growth of 2.99% over this period.
Future trends to watch for include the impact of changing consumer preferences towards healthier alternatives, potential market saturation, and external economic factors such as inflation and supply chain disruptions, which could influence market dynamics.
