From 2012 to 2022, the German meat market has seen varying growth and declines. Initially, there was a notable rise in 2012, followed by moderate growth in 2013. The market shrank slightly in 2014 and more significantly in 2015 before rebounding in 2016 and peaking in 2017, achieving the highest annual growth of 11.98%. This was followed by a decrease in 2018, another peak in 2019 with a 7.44% increase, and subsequent declines in 2020 and 2021, with 2021 witnessing the largest annual decrease at -7.43%. By 2022, the market value slightly recovered with a 3.63% increase.
On a wider scale, the 5-year CAGR from 2016 to 2021 averaged at a slightly positive 0.017%, while the 5-year period ending in 2022 showed a negative average CAGR of -1.52%, indicating a downward trend over recent years.
Forecasts for 2024 should account for potential future trends such as shifting consumer preferences towards plant-based alternatives, regulatory changes impacting the meat industry, sustainability concerns, and economic factors that could influence market dynamics. Monitoring these trends will be crucial for anticipating further developments in the German meat market.
How does Germany rank in Meat Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26,271,000,000 | 2023 | +1.62% | +1.76% | |
| 2 | 2 France | 20,556,000,000 | 2023 | -0.43% | +0.36% | View data |
| 3 | 3 Italy | 19,843,000,000 | 2023 | +0.48% | +0.26% | View data |
| 4 | 4 United Kingdom | 17,318,000,000 | 2023 | +2.04% | +2.43% | View data |
| 5 | 5 Spain | 13,262,000,000 | 2023 | +1.18% | +2.68% | View data |
