Germany's soybean production is forecasted to grow steadily from 2024 to 2028. In 2023, the value stood at approximately €82 million, and projections show a consistent increase, reaching an estimated €110.65 million by 2028. The annual growth rate shows a robust upward trend, with a notable year-on-year increase peaking at over 6% between 2025 and 2026. The compound annual growth rate (CAGR) for the five-year period is projected to average around 5%.
Future trends to watch for include:
- Technological advancements in agriculture potentially boosting yield efficiency.
- Market demand shifts influenced by changes in dietary preferences and global trade dynamics.
- Environmental policies impacting agricultural practices and sustainability measures.