Germany's food production market has experienced fluctuating growth over the past decade, with notable peaks and troughs. The industry stood at 163.17 Billion Euros in 2023, from 150.22 Billion Euros in 2013. After a decline in 2015, the sector saw a rebound in 2017, followed by a minor downturn. Recent years displayed a moderate upward trend, with 2021 showing a significant increase. The past five years reflect an average growth rate of 0.92% annually.
Forecasts suggest steady growth, reaching 171.93 Billion Euros by 2028, with a five-year CAGR of 0.82%. The industry should monitor technological advancements, regulatory changes, and shifting consumer preferences shaping the market trajectory.