The meat processing sector in Germany observed varied performance from 2013 to 2023, standing at 50.89 Billion Euros in 2023. The sector's annual growth rates fluctuated, with notable peaks in 2017 and 2019 at 11.09% and 12.08%, respectively, despite occasional declines in other years. Over the last two years, the sector witnessed a 1.71% increase in 2022 followed by a 1.66% rise in 2023. The five-year CAGR until 2023 averaged at 2.76%, indicating consistent growth despite minor annual variances.
Looking ahead, the forecasted data suggest a steady increase, with the meat processing sector expected to reach 54.94 Billion Euros by 2028. The anticipated CAGR for the next five years is predicted to be 1.21%, translating to an overall growth rate of 6.22% for this period. This indicates a slower but steady growth projection as compared to historical performance.
Future trends to watch for include potential shifts in consumer preferences towards plant-based alternatives, regulatory changes impacting meat production, and advancements in processing technologies aimed at enhancing efficiency and sustainability.
