The meat products turnover in Germany demonstrated fluctuations from 2013 to 2016, with minor declines and a notable drop in 2014. A sharp increase occurred in 2017, followed by steady growth up to 2023, where the turnover stood at 56.7 billion Euros. The year-on-year variations showed sporadic declines in earlier years, but post-2016 there was consistent growth, albeit moderate in some years. The five-year Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 2.67%, indicating stable growth.
Looking ahead, 2024 projections and beyond suggest a continued upward trend, albeit at a slower pace, with a forecasted five-year CAGR of 1.1%, leading to an overall 5.62% growth rate by 2028.
Future trends to watch due to changing consumer preferences include increasing demand for sustainable and plant-based meat alternatives, regulatory impacts on meat production, and technological advancements in food processing.
