The bread market in Germany saw a gradual increase in volume from 2013 to 2019, reaching a peak of 4.7749 billion kilograms in 2019. However, post-2019, the market experienced a downward trend with fluctuations noted in 2020 and 2022. In 2023, the market stood at 4.6392 billion kilograms, marking a slight decline from 2022.
Year-on-year changes over the last three years show a pattern of volatility, with a reduction of 1.69% in 2021, an increase of 1.12% in 2022, followed by a 0.6% decrease in 2023. The Compound Annual Growth Rate (CAGR) over the last five years, from 2018 to 2023, stands at -0.48%.
Future trends to watch for in the German bread market include:
- - Anticipated volume decline through 2028, with a forecasted CAGR of -0.48%.
- - Impacts of shifting consumer preferences towards healthier or alternative bread options.
- - Potential market disruptions from new entrants offering innovative bread products.
- - Sustainability trends influencing production and packaging practices in the bread industry.
