The German frozen poultry meat market has experienced significant fluctuations over the past decade, peaking at 379.96 million kilograms in 2015 and subsequently declining to 197.99 million kilograms by 2023. The market has contracted sharply, particularly after 2016, with the most recent annual variation for 2023 showing a decrease of 3.43%. The compound annual growth rate (CAGR) over the last five years stands at -6.25%.
Going forward into the forecasted period from 2024 to 2028, the trend indicates a continued decline. The forecasted 5-year CAGR is -3.02%, with an overall expected reduction of 14.2% by 2028. This suggests persistent challenges in the market, potentially due to shifting consumer preferences or economic factors.
Future trends to watch for include:
- Shifts towards alternative proteins and plant-based diets.
- Economic impacts influencing consumer purchasing power.
- Regulatory changes impacting production and importation of frozen poultry.
- Technological advancements in food preservation and logistics.
