The meat market in Germany has seen a consistent upward trend from 2013 to 2023, growing from 7.44 Billion Kilograms to 13.419 Billion Kilograms. Notably, periods of significant growth include 2016 with a 14.56% increase and 2017 with a 26.11% increase. However, fluctuations are also notable, e.g., a drop of 1.78% in 2018 and a decline of 4.53% in 2020. The CAGR from 2019 to 2023 averaged at 3.45%.
Forecasts suggest the market will continue to grow, reaching 15.611 Billion Kilograms in 2028, with an estimated 5-year CAGR of 2.4%. Overall, the market is expected to grow by 12.58% over the period from 2024 to 2028.
Future Trends to Watch For:
- Increased focus on sustainable and alternative meat products.
- Potential shifts in dietary habits affecting meat consumption.
- Impact of healthcare trends promoting reduced meat intake.