Based on forecast data, the turnover in the sector is expected to decline annually from €4.52 billion in 2024 to €4.18 billion by 2028. The year-on-year variations are as follows:
- 2024 to 2025: -1.99%
- 2025 to 2026: -1.81%
- 2026 to 2027: -2.07%
- 2027 to 2028: -1.88%
The Compound Annual Growth Rate (CAGR) over this period is -1.79%, indicating a consistent decline in turnover.
Future Trends to Watch
Factors influencing future trends include shifts in consumer preferences towards plant-based alternatives, potential policy impacts on production and trade, and advancements in sustainable practices within the sector. Monitoring these variables will be critical for strategic planning and adaptation.
