Germany's cheese production in 2023 stood at 2.4144 million metric tons, reflecting a modest year-on-year increase of 0.77%. Over the past two years, cheese production saw slight upticks of 0.79% in 2022 and 6.12% in 2021, suggesting a steady but slow growth trend. The Compound Annual Growth Rate (CAGR) for the last five years up to 2023 has been 0.82%, indicating modest yearly growth in the cheese production sector. The forecasted data shows a continued gradual increase, with a 5-year CAGR of 0.62% and an overall growth rate of 3.13% by 2028.
Future trends to watch for:
- Potential impact of climate change on dairy production and subsequently cheese manufacturing.
- Shifts in consumer preferences towards plant-based cheese alternatives.
- Enhancements in production technology and efficiency within the dairy industry.
- Policy changes in agricultural subsidies and trade regulations within the EU.