In 2023, the turnover in the meat processing sector in Germany stood at 56.78 billion Euros. The forecasted turnover from 2024 to 2028 shows a consistent growth, starting at 57.53 billion Euros in 2024 and reaching 60.76 billion Euros by 2028, with year-on-year variations of approximately 1.42%, 1.39%, 1.37%, and 1.32% respectively. The compound annual growth rate (CAGR) over these five years is approximately 1.64%.
Future trends to watch for include potential impacts of changing consumer preferences towards plant-based proteins, increasing regulatory pressures on the meat processing industry, advancements in meat processing technologies, and fluctuations in raw material prices due to global supply chain dynamics.
