The German dairy products market experienced significant fluctuations from 2013 to 2023, with a mix of declines and gains. By 2023, the market value stood at 19.403 billion kilograms, reflecting a 3.06% drop from the previous year. Year-on-year variations revealed notable declines (e.g., 2015 and 2023), interspersed with periods of growth (e.g., 2017 to 2020). The five-year CAGR up to 2023 was relatively stagnant at 0.27%, indicating marginal growth overall.
The outlook from 2024 to 2028 shows a steady decline, with a forecasted 5-year CAGR of -2.65%. By 2028, the market is projected to shrink by 12.58% from its current size, reaching approximately 16.431 billion kilograms. This anticipated drop highlights a potential market contraction and shifting consumer habits.
Future trends to watch for include changing consumer preferences towards plant-based alternatives, potential regulatory changes affecting dairy production, and impacts of sustainability initiatives. Monitoring these factors will be crucial for stakeholders to navigate the evolving market landscape.
