The employment in the Prepared Meals sector in Germany shows a nuanced trend over the past decade. In 2023, the employment value stood at 12.75 thousand Full-Time Equivalents (FTEs). The sector experienced significant fluctuations; notable increases were observed from 2013 to 2017, followed by a sharp decline in 2018 and 2019. Since 2020, there has been steady growth, with year-on-year variations showing positive trends. Specifically, the 2022 to 2023 growth was 3.74%, reflecting a continuing recovery phase.
The Compound Annual Growth Rate (CAGR) over the last five years was 1.05%, indicating modest growth. Looking forward, the forecast suggests a CAGR of 2.56% leading up to 2028, projecting a growth rate of 13.47% over the next five years.
Future trends to watch for include:
- Potential impacts of technological advancements and automation in food preparation.
- Shifts in consumer preferences towards healthier and convenience foods.
- Regulatory changes affecting the food industry, particularly regarding sustainability and health standards.
- Market consolidation and its effects on employment dynamics.
