The forecast for household expenditure on food in Germany indicates gradual growth from 2024 to 2028, with per capita spending increasing annually. From 2024, this expenditure is expected to rise each year, with the value in 2023 serving as a baseline for assessing the forthcoming trends. This consistent increase highlights a favorable economic condition or a shift in consumer preferences toward higher food spending. The year-on-year growth from 2024 to 2028 emphasizes this gradual upward trend, cumulatively contributing to a healthy five-year CAGR.
Future trends to watch for:
- Impact of inflationary pressures on food prices, potentially influencing consumer spending habits.
- Shifts in dietary trends, possibly leading to increased spending on organic or specialty foods.
- Economic policies and their effects on disposable income and purchasing power.
- Technological advancements and delivery models influencing how consumers purchase and consume food.
