In France, the Soups and Broths and Preparations market size saw a notable decline from 2013 to 2018, decreasing from 260.93 million kilograms to 179.95 million kilograms. This was followed by a slight resurgence in 2019 and 2020. However, from 2021 to 2023, there were consistent year-on-year decreases, with the market standing at 198.94 million kilograms in 2023. The overall compound annual growth rate (CAGR) over the last five years is 2.03%, indicating a modest average annual recovery.
Key points:
- 2013-2018: Significant decrease in volume, with a more substantial decline observed between 2015 and 2018.
- 2019-2020: Recovery period with notable increases.
- 2021-2023: Consistent declines in year-on-year variations, highlighting a recent downturn.
- Year 2023: Market volume was at 198.94 million kilograms.
- 5-year CAGR: Positive at 2.03%, indicating overall average annual growth despite recent declines.
Future trends to watch for include potential shifts in consumer preferences towards more health-conscious and convenient options, the impact of economic fluctuations on purchasing power, and innovations in product offerings and marketing strategies to rekindle consumer interest in the category.
How does France rank in Soups and Broths and Preparations Thereof Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 299,020,000 | 2023 | -0.91% | +1.64% | View data |
| 2 | 2 Spain | 244,810,000 | 2023 | +3.85% | +3.66% | View data |
| 3 | 3 Germany | 203,510,000 | 2023 | +0.83% | +0.8% | View data |
| 4 | 4 France | 198,940,000 | 2023 | -3.15% | +2.03% | |
| 5 | 5 Belgium | 30,764,000 | 2023 | -2.59% | -2.39% | View data |
| 6 | 6 Denmark | 18,173,000 | 2023 | +0.76% | +0.43% | View data |
