The processed milk market in France has experienced fluctuating trends over the past decade. From 2013 to 2023, there was a significant decline, with the market volume decreasing from approximately 4.2 billion kilograms to 3.559 billion kilograms. Year-on-year percentage variations illustrate this trend, showing a general decline with occasional minor rebounds. The last two years (2022 and 2023) saw marginal decreases by -0.17% annually. The five-year CAGR from 2018 to 2023 was -1.28%, indicating a steady decline.
Looking ahead, based on forecasted data, the processed milk market is anticipated to continue its downward trend with a projected CAGR of -0.13% from 2024 to 2028. By 2028, the market volume is expected to decrease to approximately 3.5295 billion kilograms, reflecting a total reduction of about -0.66% over these five years.
Future trends to watch for include potential shifts in consumer preferences towards plant-based milk alternatives, innovations in dairy processing technologies, and changes in regulatory policies impacting dairy production and consumption.
