The sold production of grape juice in Germany has shown a consistent downward trend over the past decade. Specifically, from 2013 to 2023, the value declined from 67.295 million euros to 34.114 million euros, indicating a substantial reduction. The year-on-year variations demonstrate mostly negative growth, with occasional slight increases such as a 0.22% rise in 2021. Over the last two years, the year-on-year decline was 7.26% in 2022 and 7.12% in 2023. The compound annual growth rate (CAGR) over the past five years stands at -5.56%, underscoring the continuing decrease in market value.
Looking ahead, the forecast data predict the continuation of this trend, with the value falling further to 21.419 million euros by 2028. The five-year forecast CAGR is projected to be -7.44%, translating to a forecasted 32.06% decrease over this period.
Future trends to watch for:
• Long-term impact of health trends and consumer preferences towards alternative beverages.
• Potential market shifts due to innovation in product offerings or entry of new market players.
• Economic factors and their influence on consumer spending and purchasing power.