In 2023, the actual value of bovine meat slaughterings in Germany stood at 980.29 thousand metric tons. The forecasted data from 2024 to 2028 indicates a steady decline in bovine meat slaughterings. Specifically, the values are projected to decrease from 973.22 thousand metric tons in 2024 to 945.99 thousand metric tons by 2028.
The year-on-year percentage decrease is as follows:
- From 2024 to 2025: -0.72%
- From 2025 to 2026: -0.71%
- From 2026 to 2027: -0.70%
- From 2027 to 2028: -0.69%
Over the five years, the Compound Annual Growth Rate (CAGR) indicates an average annual decline of approximately -0.72%.
Future trends to watch for:
- Changing consumer preferences towards plant-based diets.
- Regulatory impacts related to environmental and animal welfare concerns.
- Potential technological advancements in alternative meat products.
