From 2012 to 2016, the Whole Milk and Cream Powder market in France showed a consistent downward trend, with the market size dropping from €379.38 million to €245.94 million. This period saw significant year-on-year declines, culminating in a sharp fall of 14.85% in 2016. The Compound Annual Growth Rate (CAGR) over this period was -9.95%.
The market showed signs of recovery beginning in 2017, marked by an 8.23% increase, and slight growth continued through 2020. However, the market experienced a minor decline again in 2021 and 2022. Despite small fluctuations, the CAGR between 2017 and 2022 remained relatively stable at -0.27%, indicating a slow-down in market volatility. As of the latest actual data in 2023, the market stood at approximately €262.65 million.
Future trends to watch for include the impact of changes in consumer preferences towards plant-based alternatives, potential regulatory changes affecting dairy production, and global supply chain disruptions influencing export and import dynamics. Innovations in dairy products and marketing strategies can also significantly affect market size and growth.
