Analysis of the beef meat demand in Denmark shows a consistent decline since 2016. The demand peaked at 147.0 Thousand Metric Tons in 2015 and 2016 before witnessing a steady downturn. By 2023, the value fell to 131.0 Thousand Metric Tons. The year-on-year variation for 2023 recorded a -0.76% decline. Over the last two years, the demand decreased by 1.5%, while the last 5-year CAGR was -0.6%, reflecting a downward trend.
The forecast data predicts a continued decline, projecting the demand to reach 126.0 Thousand Metric Tons by 2028, with a projected 5-year CAGR of -0.62% and an overall growth rate decline of -3.08% up to 2028.
Future trends to watch for:
- Potential shifts towards alternative protein sources
- Changing consumer preferences and lifestyle choices
- Impact of sustainability and environmental concerns on beef consumption
- Economic factors influencing purchasing power and meat demand
