In 2023, the beef meat market size in Germany stood at 1.28 million metric tons, representing a year-on-year increase of 0.71%. Over the last two years, the market observed moderate growth, with the volume rising from 1.27 million metric tons in 2022 and 1.26 million metric tons in 2021. The compounded annual growth rate (CAGR) over the last five years leading up to 2023 was 0.8%, indicating a gradual upward trend.
From 2014 to 2023, the market generally grew, albeit at varied rates. While initial years showed stronger increases, such as 5.17% in 2015 and 3.54% in 2016, growth has slowed in recent years, stabilizing around 0.7%-0.8% per annum.
Forecasts from 2024 onwards show a stabilizing yet modest growth trajectory, with a five-year CAGR of 0.54%, predicting the market will reach 1.32 million metric tons by 2028. This corresponds to an overall growth rate of 2.72% for the forecast period.
Future trends to watch for:
- Potential impacts of alternative proteins on traditional meat consumption.
- Changes in consumer preferences towards more sustainable and ethically sourced meat products.
- Effect of regulatory changes and trade policies on beef imports and exports.
- Technological advancements in meat production and supply chain efficiencies.
