The meat processing turnover in Germany was €15.16 billion in 2023. Based on forecasted data, the industry is expected to experience a consistent decline in turnover from 2024 to 2028, decreasing from €14.81 billion in 2024 to €13.44 billion in 2028. The year-on-year percentage variation shows reductions of -2.36% from 2024 to 2025, -2.42% from 2025 to 2026, -2.41% from 2026 to 2027, and -2.39% from 2027 to 2028. The average annual change (CAGR) over this five-year period stands at -2.50%, suggesting a steady downward trajectory.
Future trends to watch for:
- The impact of alternative protein sources and changing consumer preferences toward plant-based diets.
- Potential regulatory changes and their effects on the meat processing industry.
- Evolving supply chain dynamics and production costs.
- Technological advancements in the meat processing sector.