The wine market in Denmark has exhibited steady growth from 2013 to 2023, reaching a value of €776.4 million in 2023. Year-on-year variations have fluctuated, showing stronger growth rates in earlier years and stabilizing more recently, with a 0.96% increase in 2023 compared to the previous year. The CAGR over the last five years has been moderate at 1.91%, indicating a sustainable yet slower pace of growth as the market matures.
From 2024 onwards, the market is forecasted to continue growing, albeit at a slower rate with a forecasted five-year CAGR of 0.72%, leading to a projected market size of €812.36 million by 2028. This reflects a total forecasted growth rate of 3.65% over this period.
Future trends to watch for include shifts in consumer preferences towards premium and organic wines, potential impacts of regulatory changes, and digital transformation in wine retail, which could further influence market dynamics and development.
