Over the past decade, the meat processing industry in Germany exhibited notable volatility. Between 2014 and 2023, the industry's value fluctuated significantly, peaking in 2015 with a year-on-year increase of 8.78% and hitting a low in 2017 with a decline of 23.91%. Recently, from 2021 to 2023, values have stabilized around 146.0 thousand metric tons, reflecting a year-on-year growth of approximately 0%. The compounded annual growth rate (CAGR) over the last five years stands at -1.69%.
Looking into the forecast period (2024-2028), the industry is expected to maintain a steady state with no significant growth or decline, reflected by a predicted 5-year CAGR of 0%. As of 2023, the industry's value remains steady at 146.0 thousand metric tons.
Future trends to watch for include:
- Technological advancements in processing to enhance efficiency.
- Shifting consumer preferences towards plant-based and sustainable meat alternatives.
- Regulatory changes affecting meat production and processing standards.
- Impact of global supply chain disruptions on meat processing operations.