The fresh equine meat market in France has experienced a consistent decline since 2013, with the market value reaching 40.586 million euros in 2023, down from 76.252 million euros in 2013. The year-on-year variations display a continuous downward trend, reflecting decreasing demand. Over the past two years, the annual decline rate was approximately 5.29% in 2022 and 5.48% in 2023. Looking at the last five years, the compound annual growth rate (CAGR) was around -5.1%, with projections indicating further declines, expecting a CAGR of -5.72% from 2023 to 2028.
Future trends to watch for include:
- The potential impact of changing dietary habits on equine meat demand.
- Regulatory changes affecting the equine meat industry.
- Consumer preferences shifting towards alternative protein sources.
- The influence of environmental and ethical considerations on consumer choices.
