In 2023, household expenditure on food in Germany stood at 197.0 billion euros. From 2024 to 2028, the forecast shows a steady increase in expenditure, rising from 204.58 billion euros in 2024 to 236.15 billion euros in 2028. The year-on-year growth rate is consistent, with incremental increases averaging around 3.65% annually. The compound annual growth rate (CAGR) over this five-year period is approximately 3.65%, reflecting a stable upward trend in food expenditure.
Future trends to watch for include the impact of inflation on food prices, shifts in consumer preferences towards organic and sustainable food options, and the effect of demographic changes such as aging population and urbanization on food consumption patterns. Economic conditions and policy changes regarding agriculture and food safety could also influence future household food expenditure.
