The prepared meals market in Germany has shown significant growth from 2013 to 2023. Actual data reveal a steady upward trajectory, with the market volume reaching 1710.9 million kilograms in 2023. Starting from 940.29 million kilograms in 2013, this marks considerable expansion, particularly between 2015 and 2020, where double-digit percentage increases occurred.
Year-on-year variations for 2022 and 2023 stood at 3.64% and 3.47% respectively, suggesting a stable period of moderate growth. The compound annual growth rate (CAGR) over the last five years is calculated at 2.93%, demonstrating sustained development but at a slower pace compared to earlier stages.
Looking forward, forecasts indicate a continuation of this growth trend, though at a slightly decreased rate, with a projected 5-year CAGR of 2.39%, translating to a 12.55% overall increase by 2028. This suggests the prepared meals market in Germany will likely maintain its expansion, reaching an estimated 1989.7 million kilograms by 2028.
Future trends to watch for include potential influences of changing consumer preferences towards healthier or more gourmet prepared meal options, the impact of technological advancements in food production, and shifts in demographic trends that increase demand for convenient meal solutions.
