In 2023, the labor cost per FTE in Germany's prepared pet food industry was below the forecasted figure of 58.4 thousand euros for 2024. The forecasts suggest a steady increase in labor costs, reaching 59.0 thousand euros by 2028. This represents a year-on-year growth of approximately 0.2% to 0.3%. Over this five-year projection, the compound annual growth rate (CAGR) is approximately 0.2%.
Future trends to consider include:
- Potential impacts of automation and AI on labor needs and costs.
- Government policies affecting wages and employment laws.
- Shifts in consumer demand affecting production volumes and labor requirements.
- Sector wage trends aligning with broader economic conditions in Germany.
