The production of food and beverage service activities in Germany has shown a generally positive trend from 2013 to 2023, reaching 75.68 billion Euros in 2023. The market experienced significant volatility during the COVID-19 pandemic, with a sharp decline of 15.92% in 2020, followed by a robust recovery in 2021 with a 17.28% increase. In recent years, the year-on-year variations have stabilized, with a 2.25% increase in 2023. Over the last five years, the CAGR has been moderate at 2.85%, reflecting steady growth despite the pandemic's impact.
Future trends to watch for include:
- Projected steady growth with a forecast 5-year CAGR of 1.73% from 2024-2028.
- Overall forecasted growth rate of 8.97% by 2028, reaching 84.19 billion Euros.
- Potential for technological advancements and sustainability practices to further influence market dynamics.