The meat and poultry meat products turnover in Germany demonstrated fluctuations between 2013 and 2016, with values oscillating around €24 billion. A strong upward trend started in 2017 with significant increases, peaking in 2023 at €41.34 billion. Year-on-year growth showed an upward trend from 2017, highlighted by a notable increase of 15.95% in 2019. The turnover continued to increase steadily with a 5.39% rise in 2023, contributing to an impressive 7.79% CAGR over the last five years. For the forecast period from 2024 to 2028, the market is expected to grow at a CAGR of 3.12%, reaching €50.55 billion by 2028.
Key future trends to watch for:
- The growth of alternative protein sources.
- Increased consumer demand for sustainably sourced and organic meat products.
- Technological advancements in meat production and supply chain efficiency.
- Regulatory changes impacting production and sales in the meat industry.
