From 2013 to 2023, the sold production of food preparations for infants in Germany has shown a positive trend, rising from 379.43 million euros to 772.9 million euros. The series not only saw significant year-on-year growth, especially between 2014 and 2018, but also sustained moderate growth in the subsequent years. Specifically, the period from 2017 to 2020 experienced a substantial increase, with the highest annual increase of 22.53% in 2017 followed by a strong growth of 19.2% in 2018. More recently, growth rates have stabilized around 3%, with a 2.93% increase noted in 2023 compared to the previous year.
Examining the variations over the last two years, the year-on-year growth rate was 2.93% in 2023 and 3.11% in 2022. Over the past five years, the compound annual growth rate (CAGR) was 1.6%. The forecasted data from 2024 onwards suggests a continued steady uptrend with an average annual growth rate (CAGR) of 2.05% over the next five years, resulting in a cumulative growth of 10.68% by 2028.
Future trends to watch for include potential impacts from changing demographics, parental preferences for organic and premium food products, and regulatory changes affecting food production standards for infants. Additionally, economic fluctuations and innovations in baby food formulations may further influence market dynamics. Maintaining a close watch on these factors will be crucial for understanding the trajectory of this product category.
