The production value of Prepared Meals and Dishes in France shows a mixed trend from 2013 to 2023. The production value peaked in 2015 at €4.63 billion but experienced a significant drop in 2017 by -31.64%, reaching €3.16 billion. Although there was a partial recovery in 2018 with a 20.15% increase, the trend declined again and stood at €3.74 billion in 2023, with a year-on-year variation of -1.1%.
The Compound Annual Growth Rate (CAGR) over the last five years ending in 2023 was -0.31%, marking an overall negative performance. Forecast data from 2024 to 2028 suggests a continued decline with a forecasted 5-year CAGR of -0.88%, projecting it to reach €3.54 billion by 2028, representing a decrease in the market's average annual growth.
Key future trends to watch for include:- The impact of consumer health preferences and the shift towards fresh and organic meals.- The potential disruption from new entrants offering innovative meal solutions.- Economic factors influencing consumer spending power.
