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.