In 2024, horse meat slaughtering in Germany is forecasted at 3.06 thousand heads. This represents a continuation of the declining trend observed from 2023, where the figure was already below 3.5 thousand heads.
Year-on-year variations indicate the market is expected to contract significantly: - From 2024 to 2025, the decline is projected at around 16.7%. - The trend continues with a decrease of approximately 19.2% from 2025 to 2026. - A further reduction of around 23.8% is anticipated from 2026 to 2027.- Lastly, from 2027 to 2028, the industry is projected to shrink by about 30.6%.
Examining the compound annual growth rate (CAGR) over the next five years, the average annual decrease is expected to be approximately 22.5%.
Future trends to watch for:- Continued societal shifts towards animal rights and changing dietary preferences.- Policy changes within the European Union that may impose stricter regulations on horse meat slaughtering.- Potential economic factors that might influence market dynamics, including supply chain adjustments and consumer spending behavior.
