Forecast: Household Expenditure on Food and Soft Drinks in Germany

In 2023, household expenditure on food and soft drinks in Germany was approximately 228.4 billion euros. Based on forecasts, there will be a year-on-year increase of approximately 4.14% in 2024, followed by similar annual increases, leading to a compound annual growth rate (CAGR) of about 3.77% from 2024 to 2028. This sustained growth suggests a stable increase in consumer spending in this sector over the next five years.

Future trends to watch for:

  • Impact of economic factors such as inflation and changes in disposable income on consumer spending.
  • Shifts in consumer preferences towards plant-based diets and organic products.
  • Technological advancements in food distribution, like online shopping and delivery services.

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