The production of food and beverages in Germany has demonstrated a fluctuating trend over the past decade. Starting from 2013 with a value of 168.84 billion euros, the industry experienced small decreases and increases in production, particularly notable in 2017 and 2021 with significant upticks. Despite some dips, the production value consistently rose from 2021 onwards, reaching 186.71 billion euros in 2023.
Key variations:
- 2016-2017: +6.71%
- 2020-2021: +6.54%
- 2021-2022: +1.18%
- 2022-2023: +1.14%
The industry’s compound annual growth rate (CAGR) has varied, reflecting modest average growth, with the most recent 5-year forecast predicting a CAGR of 0.9% and an overall growth rate of 4.6% by 2028.
Future trends to watch for include the potential impact of technological advancements, shifts in consumer preferences towards sustainable and health-oriented products, and regulatory changes within the European Union which could affect production and distribution dynamics in Germany.