Food - Denmark | Statista Market Forecast

Food - Denmark

Denmark

Highlights

Revenue in the Food market amounts to US$23.01bn in 2024. The market is expected to grow annually by 4.79% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$4.91bn in 2024.
In global comparison, most revenue is generated China (US$2tn in 2024).
In relation to total population figures, per person revenues of US$3.87k are generated in 2024.
In the Food market, 5.8% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 4.14bn kg by 2029. The Food market is expected to show a volume growth of 3.2% in 2025.0.
The average volume per person in the Food market is expected to amount to 614.10kg in 2024.

Key regions:

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Food market in Denmark is experiencing minimal growth, influenced by factors such as increasing health consciousness, convenience of online services, and the adoption of digital technologies. Additionally, consumer awareness of the sub-markets, including Dairy Products & Eggs, Meat, Fish & Seafood, and Fruits & Nuts, is also impacting the overall market growth rate. Other sub-markets such as Vegetables, Bread & Cereal Products, Oils & Fats, and Sauces & Spices are also contributing to the overall growth of The Food market in Denmark. Despite the slow growth rate, the market is expected to continue expanding due to the demand for convenience food, Spreads & Sweeteners, Confectionery & Snacks, Baby Food, Pet Food, Processed Vegetables, Fruit & Potatoes, and Pasta & Rice.

Customer preferences: In Denmark, there has been a noticeable shift towards sustainable and organic food products in recent years. This trend is driven by the country's strong focus on environmentalism and health consciousness. Consumers are also increasingly seeking plant-based options, with the rise of flexitarian and vegan diets. This shift towards plant-based diets is also influenced by the growing awareness of animal welfare and the environmental impact of meat consumption. Additionally, convenience and time-saving options, such as meal delivery services, have gained popularity among busy consumers looking for hassle-free meal solutions.

Trends in the market: In Denmark, The Food market industry is experiencing a surge in plant-based food options, with more consumers opting for vegetarian and vegan products. This trend is expected to continue as the country focuses on sustainability and reducing its carbon footprint. Additionally, there is a growing demand for locally-sourced and organic food products, reflecting the increasing consumer awareness of health and environmental concerns. These trends present opportunities for industry stakeholders to innovate and cater to the evolving preferences of the Danish market. However, it also poses challenges for traditional food producers and retailers, who may need to adapt their business models to stay competitive.

Local special circumstances: In Denmark, The Food market is heavily influenced by the country's strong focus on sustainability and organic products. With a high demand for locally sourced and environmentally friendly food, Denmark has seen a rise in small-scale producers and farmers markets. Additionally, strict regulations on food production and labeling have led to a high level of consumer trust and confidence in the quality of food products. This emphasis on sustainability and transparency sets Denmark apart from other markets and greatly impacts the consumer behavior and market dynamics in The Food market.

Underlying macroeconomic factors: The Food market in Denmark is greatly impacted by macroeconomic factors such as consumer spending power, inflation rates, and government policies. The country's strong economy and high standards of living have resulted in a high demand for quality and diverse food products. Additionally, the government's focus on sustainable and organic food production has driven growth in the market. However, fluctuations in global food prices and trade policies can also significantly impact the market. Furthermore, changing consumer preferences towards healthier and ethically sourced food products have led to an increase in demand for organic and plant-based options in Denmark's Food Market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.