The production of food, beverages, and tobacco in Denmark has shown a generally positive trend over the years, with a few minor dips. The value stood at 158.50 billion Danish Krones in 2023. The past year-on-year growth rates reveal fluctuations, such as a minor decline in 2014 (-2.05%) to a substantial growth in 2017 (4.28%). The last five years have exhibited an average variation per year, with a CAGR of 0.83%. For the upcoming years, there is a forecasted average yearly growth (CAGR) of 0.62% from 2024 to 2028, projecting the value to reach 164.87 billion Danish Krones by 2028, reflecting a 3.16% growth over five years.
Future trends to watch for include potential impacts of regulatory changes, shifts in consumer preferences towards healthier options and sustainability, and technological advancements in production processes that could contribute to efficiency and cost savings.