Between 2013 and 2023, the production of prepared meals and dishes in Germany increased from €3.019 billion to €4.436 billion. This represents significant growth across the decade, despite occasional fluctuations. The industry saw a notable uptick in 2015 and 2016, with year-on-year increases of 7.87% and 8.11% respectively. Growth stabilized slightly in subsequent years, culminating in a 2023 production value of €4.436 billion.
For the last two years, the production witnessed a 3.23% increase in 2022 followed by a 3.06% rise in 2023. Over the past five years, the Compound Annual Growth Rate (CAGR) has averaged 1.83%, indicating a period of more moderated growth.
Looking ahead, the forecast predicts continued growth, reaching €5.075 billion by 2028, implying an average annual growth rate of around 2.14% over the next five years. Future watchers should keep an eye on technological advancements in meal preparation, shifting consumer preferences towards healthier and sustainable options, and potential disruptions from global supply chain challenges. Monitoring these elements will provide deeper insight into the potential for sustained growth within the sector.
