The turnover in the prepared meals sector in Germany has experienced significant fluctuations over the years, with notable peaks and troughs. In 2023, the sector stood at 3.2 billion euros. The year-on-year variation for 2022 was 2.72%, and for 2023, it was 2.62%. Over the past five years, the compound annual growth rate (CAGR) was approximately 3.75%. The forecast for the next five years (2024-2028) suggests moderate growth with a CAGR of 1.86%, reaching a projected turnover of 3.6 billion euros in 2028.
Future trends to watch for in the prepared meals sector include:
- Increasing demand for convenience foods driven by busy lifestyles.
- Rising consumer interest in healthy and organic prepared meal options.
- Innovations in packaging and preservation techniques.
- Potential impacts of economic factors and inflation on consumer spending.
- The growth of online food delivery services impacting market dynamics.
