In 2023, the number of enterprises in the retail sale of food in specialized stores sector in Germany stood at 20.43 thousand. From 2024, a gradual decline is forecasted, reaching 19.83 thousand by 2028. This indicates a yearly percentage decrease of approximately 0.59% over the forecast period. The compound annual growth rate (CAGR) reflects an average annual decrease of about 0.59% from 2024 to 2028.
Future trends to watch for include:
- Impact of digitalization and online grocery delivery services potentially reducing the need for physical specialized food stores.
- Changing consumer preferences towards organic and locally sourced foods, which may influence the specialized retail landscape.
