In 2023, the output value of the food, beverages, and tobacco sector in Germany stood at approximately 209.0 billion Euros. The forecasted data for 2024 to 2028 shows a steady annual growth pattern in this sector. From 2023 to 2024, the output is expected to increase by 1.44%. Year-on-year growth rates for the subsequent years indicate consistent growth: 1.44% for 2025, 1.40% for 2026, 1.37% for 2027, and 1.34% for 2028. The compound annual growth rate over this period is projected to be around 1.4%.
Future trends to watch for:
- Sustainability and eco-friendly practices evolving alongside consumer preferences.
- Technological advancements, including automation and AI, enhancing productivity and efficiency.
- Potential regulatory changes in health, safety, and environmental standards impacting operations.