The beef meat demand in France has shown a gradual decline over the past decade, dropping from 1.42 million metric tons in 2014 to 1.37 million metric tons in 2023. This represents a year-on-year variation of approximately -0.22% in 2023. The compound annual growth rate (CAGR) over the last five years stands at -0.22%. From 2024 onwards, forecasted data indicates the demand will remain relatively stable but slightly decrease, reaching 1.36 million metric tons in 2028 with a CAGR of -0.16% for the forecast period.
Future Trends to Watch For:
- Potential shifts towards alternative protein sources due to changing consumer preferences and increased focus on sustainability.
- Impact of economic factors such as inflation and purchasing power on beef consumption.
- Influence of regulatory changes regarding livestock farming and environmental policies.
- Trends in import-export dynamics due to geopolitical factors and trade agreements.