The production of food preparations for infants in Denmark has shown significant growth over the past decade. From a value of 135.48 million euros in 2013, it reached 423.69 million euros in 2023. The data indicates year-on-year variations such as a high of 46.08% in 2018 and a notable decline of 11.73% in 2020. The compound annual growth rate (CAGR) has fluctuated, moving from 23.96% in 2013 to a lower rate in recent years, reflecting a slowing growth pattern.
Key observations:
- From 2013 to 2018, there was a strong upward trend with significant year-on-year growth.
- In 2019 and 2020, the industry faced some setbacks, with slight negative growth.
- Recovery began in 2021, with a further boost in 2022 and a robust growth rate returning in 2023.
- The forecast for 2024 to 2028 suggests moderate growth with an average annual increase of 5% and a projected total growth of 27.64% over this period.
Future trends to watch for:
- Increasing focus on organic and natural infant food products, driven by consumer health trends.
- Innovation in product offerings, including plant-based alternatives and fortified foods.
- Impact of regulatory changes on production and labeling standards.
- Market expansion possibilities in neighboring countries and regions.
