From 2013 to 2023, Germany's ice cream production value experienced significant fluctuations. Initially stable, the value dropped sharply by 15.24% in 2016, recovered somewhat in 2017, but then saw a severe decline of 42.3% in 2018. Although year-on-year variations fluctuated, the overall trend from 2018 to 2023 indicates a persistent decline, with the value standing at 0.6631 Billion Euros in 2023. The CAGR over the last five years reveals an average annual reduction of -2.12%.
Forecasts for 2024-2028 predict a continued decline, with a forecasted 5-year CAGR of -3.93% and an overall reduction of 18.18% by 2028.
Future trends to watch for:
- Consumer preference shifts toward healthier or alternative desserts.
- Impact of economic conditions and inflation on consumer spending.
- Potential market innovations in premium or niche ice cream segments.
