The production value in the Danish seafood processing sector has shown a steady increase from 2013 to 2023, reaching 19.42 billion Danish Krones in 2023. This represents a 5.61% year-on-year increase from 2022 and a 2.02% CAGR over the last five years. The sector experienced a decline in 2020 due to various market disruptions, but rebounded strongly in 2021 and maintained growth thereafter. The forecast from 2024 to 2028 anticipates an average annual growth rate (CAGR) of 2.33%, leading to a projected 22.49 billion Danish Krones by 2028, indicating a 12.19% total growth over this period.
Future trends to watch for include advancements in sustainable processing technologies, increasing global demand for seafood products, and potential regulatory changes influencing production practices. The sector's ability to innovate and adapt to changing market conditions will be critical in sustaining growth.
