From 2013 to 2023, the wheat or meslin flour market size in Germany showcased varying trends, starting at 2.358 Billion Euros in 2013 and slightly declining to 2.0945 Billion Euros by 2023. The market experienced fluctuations with notable declines in 2014 and 2016, but also some recoveries in 2018 and 2019. Specifically, there was a consistent growth phase in recent years till 2021, peaking at 2.1499 Billion Euros, followed by a slight decline in subsequent years.
Year-on-year variations indicate significant oscillations, with the most considerable drop in 2014 (-12.07%) and substantial growth in 2019 (+6.67%). The last two recorded years (2022 and 2023) both showed slight decreases, standing at -1.54% and -1.05%, respectively. Over the broader horizon, the five-year compound annual growth rate (CAGR) around 2023 stands at 1.17%, reflecting modest long-term growth.
Looking forward to the forecasted data from 2024 to 2028, the market is expected to contract gradually, reaching approximately 1.9862 Billion Euros by 2028. The forecasted five-year CAGR suggests a decline of -0.85%, with an overall growth rate of -4.16% by 2028.
Future trends to watch:
- Potential impacts of economic changes and inflation on consumer demand.
- Technological advancements in flour production and increased efficiency.
- Shifting dietary preferences and increasing demand for alternative grains.
- Regulatory and trade policy changes affecting supply chains.
