Key Market Indicators
The French music expenditure is projected to hit €117 billion by 2028, up from €111 billion in 2023. This signifies a modest annual growth rate of 0.9%. Historically, French demand has seen a steady increase of 2.5% per year since 1980. In 2023, France held the third spot in global music expenditure rankings, with Germany surpassing it at €111 billion. Germany, France, and Italy respectively occupied the second, third, and fourth positions in this ranking. Meanwhile, French music revenue is expected to decrease to €785 million by 2028, down from €864 million in 2023. This marks an average annual decline of 1.5%. Despite this downturn, the French market had previously experienced a robust annual growth rate of 4.6% since 2013. In terms of revenue, France was also ranked third in 2023, with the United Kingdom leading at €864 million. The United Kingdom, France, and Sweden were the second, third, and fourth largest markets, respectively, in this category.
