Between 2013 and 2023, the animal production industry in Germany experienced some fluctuations in value, reaching 15.96 billion Euros in 2023. Post-2015, except for a notable dip in 2018 and a significant spike in 2022, the trend has seen modest annual variations. The compound annual growth rate (CAGR) from 2018 to 2023 is approximately 2.95%. Looking forward, the industry is forecasted to grow steadily, achieving values close to 16.98 billion Euros by 2028, with a projected CAGR of 0.99% over the next five years.
Future trends to watch for:
We should monitor potential shifts in consumer preferences towards plant-based alternatives which could impact demand, technological advancements improving production efficiency, and regulatory changes in environmental and animal welfare standards which may affect production costs.
