Germany's meat demand stood at 6.59 million metric tons in 2023, indicating a year-on-year decline of 0.41%. Over the past five years, the compound annual growth rate (CAGR) for meat demand was -0.37%. Looking at the longer trend, meat demand in Germany has steadily decreased from 7.04 million metric tons in 2014, with year-on-year variations peaking at a 3.16% increase in 2015 and a 5.39% decrease in 2016.
From 2024 onwards, forecasted trends indicate a continual decline in meat demand, with a forecasted 5-year CAGR of -0.35% and an overall 1.72% decrease by 2028 compared to 2023. This suggests an ongoing shift in consumer preferences or potential structural changes within the market.
Future trends to watch for:
- Increasing consumer interest in plant-based and alternative protein sources.
- Potential regulatory changes affecting meat production and consumption.
- Shifts in consumer awareness and attitudes towards sustainability and health impacts of meat consumption.
- Technological advancements in food production that could impact the supply chain and meat industry dynamics.