In 2023, the sold production of malt in Germany was estimated to stand at around 1.93 billion kilograms. Based on forecasts for the coming years, there’s a consistent year-on-year growth observed. From 2024 to 2028, the production is projected to increase from approximately 1.9549 billion kilograms to 2.0447 billion kilograms. This represents a steady increase, with a year-on-year growth rate between 1.18% to 1.09%. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 1.12%.
Future Trends to Watch For:
- Potential shifts in global brewing demand influencing malt production.
- Technological advancements in production that could further increase efficiency.
- Impact of climate change on barley crop yields, a primary input for malt production.
- Regulatory factors and sustainability trends affecting production processes.