The wine vinegar market in Denmark has shown a decreasing trend from 2013 to 2023. In 2013, the market size was 3.6774 million euros, but it continuously declined to 2.8757 million euros by 2023. Significant reductions were observed in 2016 and 2019, with downturns of 12.67% and 14.51% year-on-year, respectively. The last two years saw declines of nearly 0.9% annually, while the five-year CAGR indicates an average annual decrease of about 2.97%.
Future trends to watch for include:
- Potential market recovery influenced by healthier lifestyle choices prompting demand for natural products.
- Expansion in gourmet and artisanal vinegar varieties catering to niche markets.
- Investments in marketing and adaptation to consumer preferences might stabilize the market.
How does Denmark rank in Wine Vinegar Market Size Value?
| # | 11 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 69,790,000 | 2023 | -0.11% | -0.02% | View data |
| 2 | 2 Germany | 59,877,000 | 2023 | -1.01% | -0.82% | View data |
| 3 | 3 France | 50,428,000 | 2023 | +0.12% | -1.02% | View data |
| 4 | 4 Austria | 14,745,000 | 2023 | +3.49% | +3.55% | View data |
| 5 | 5 Sweden | 8,487,600 | 2023 | +2.79% | +1.11% | View data |
| 6 | 6 Romania | 7,886,300 | 2023 | +3.69% | +1.33% | View data |
| 7 | 7 Bulgaria | 4,687,900 | 2023 | +1.3% | +2.53% | View data |
| 8 | 8 Denmark | 2,875,700 | 2023 | -0.89% | -2.97% | |
| 9 | 9 Croatia | 2,004,800 | 2023 | +2.68% | +2.94% | View data |
| 10 | 10 Slovenia | 1,096,900 | 2023 | +1.25% | +2.01% | View data |
