The number of enterprises in France's grain mill products, starches, and starch products manufacturing sector is projected to decline steadily from 2024 through 2028. Starting at 345 enterprises in 2024, the industry is expected to contract annually, culminating in 310 enterprises by 2028. This downward trend signifies a year-on-year decrease of approximately 2.6%, with a compound annual growth rate (CAGR) of -2.6% over the forecasted five-year period.
Future trends to watch:
- Continued consolidation in the industry may lead to the merger of small enterprises or acquisition by larger firms.
- Technological advancements could necessitate fewer enterprises with higher production efficiency and capacity.
- Potential regulation changes and shifts in consumer preferences could impact enterprise viability and competitiveness.