The German market for meat and poultry meat products experienced fluctuations over the past decade, peaking in 2019 and subsequently seeing a slight decline until 2023. During this period, year-on-year variations reflect substantial volatility, with notable dips in 2021 and a modest recovery since then. As of 2023, the market value stands at 15.701 Billion Euros, indicating a marginal positive trend post-pandemic disruptions.
Key points:
- Moderate growth was seen in 2022 (2.06%) and 2023 (1.94%) after a significant dip in 2021 (-7.94%).
- From 2019 to 2023, the compound annual growth rate (CAGR) was slightly negative at -0.14%, signaling market stabilization post-decline.
- Forecasted data suggests a positive outlook, with a projected average annual growth rate (CAGR) of 1.4% from 2023 to 2028, cumulating in an overall growth rate of 7.21% by 2028.
Future trends to watch for include the impact of regulatory changes, shifts in consumer preferences towards plant-based proteins, and potential supply chain disruptions that could influence the market dynamics further.
