The value added of food and beverages in Germany has shown a general upward trend from 2013 to 2023, with occasional declines. In 2023, the value stood at 45.63 billion Euros. The year-on-year growth has varied, peaking at 6.01% in 2015, while the lowest growth rate was -1.63% in 2018. Over the last two years, the year-on-year rate showed steady but modest growth at 1.05% annually. The compound annual growth rate (CAGR) over the last five years is 0.89%, reflecting a slowing momentum compared to the earlier periods.
Future trends to watch include the forecasted growth rate of 3.82% by 2028, with an annual CAGR of 0.75%. Factors such as technological advancements, changes in consumer preferences, and regulatory impacts will be critical in shaping this sector's future growth.
