The dairy products sector in Germany experienced fluctuations between 2013 and 2023. Notable growth occurred in 2017 (18.16%) and 2019 (8.9%), while significant declines appeared in 2015 (-8.97%) and 2018 (-6.73%). From 2022 to 2023, production increased moderately by 1.83%, standing at 31.5 billion euros in 2023. The 5-year CAGR leading up to 2023 was 2.48%. Forecasted growth suggests a steady rise, with an annual average CAGR of 1.32% through 2028, culminating in 34.24 billion euros.
Future trends to watch for:
- Impact of sustainability practices on dairy production and consumption.
- Market shifts due to consumer preferences for plant-based alternatives.
- Technological advancements in dairy farming and production processes.
- Potential regulatory changes affecting the dairy sector.
- Economic factors such as inflation and trade policies.
