The frozen vegetables market in Denmark exhibited fluctuating growth from 2013 to 2018, with values oscillating between declines and slight increases. Notably, the market saw a consistent year-on-year growth starting from 2018, leading to a market value of around 78.939 million euros in 2023.
In more recent years, the market grew steadily with year-on-year increases of 1.9% in 2022 and 1.84% in 2023. The five-year compound annual growth rate (CAGR) leading up to 2023 was about 1.69%. Looking ahead, the market is forecasted to maintain a moderate growth rate with an expected CAGR of 1.34% from 2024 to 2028, culminating in a value of 85.868 million euros by 2028, representing a total forecast growth rate of 6.86% over this period.
Future trends to monitor include:
- Technological advancements in freezing methods, potentially improving the quality and shelf life of frozen vegetables.
- Growing consumer demand for convenient and healthy food options, which may boost market growth.
- Potential impact of sustainability practices and eco-friendly packaging on market dynamics.
- Effects of economic factors such as inflation and supply chain disruptions on pricing and availability.